Senate Banking Committee Approves Powell as Federal Reserve Board Chair

Posted December 5, 2017

On Dec. 5, 2017, the Senate Banking Committee voted (22-1) in approval of Jerome Powell’s nomination as Chairman of the Federal Reserve Board and will next be voted on by the full Senate. It is expected that Governor Powell will be confirmed easily due to a good level of bipartisan support and he would begin his term on Feb. 3, 2018 as Chair Janet Yellen’s term ends.
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