Fed’s Powell could get Senate renomination nod Wednesday -Breaking
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© Reuters. FILEPHOTO: Jerome Powell (Federal Reserve Chair) testifies before Congress, U.S.A., on March 3, 2022. Tom Williams/Pool via REUTERS(Deletes extraneous material)
(Reuters) – Jerome Powell has been nominated to serve a second term at the Federal Reserve chair by President Joe Biden. This is according to a timeline set out by Sherrod brown, Chair of Senate Banking Committee.
Asked the status of the Senate votes on Powell and a seocnd Fed nominee, Davidson College dean of faculty Philip Jefferson, Brown told Reuters that they could take place “either tonight or tomorrow. … I’m confident we’ll get them done by tomorrow.”
Brown stated that a packed Wednesday Senate agenda might push votes to Thursday. Bipartisan support is expected for both Jefferson and Powell.
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