US Senate reappoints Powell as Fed chair
Appointment comes as Powell’s approval rating in polls falls to lowest point in his career
Jerome Powell was confirmed for a second term as Federal Reserve chair by the US Senate on Thursday, as senators voted by 80 to 19.
This is US president Joe Biden’s third nomination to the board of the Fed to be approved by the Senate.
Some 13 Republicans voted against Powell, joined by five Democrats and one independent, Bernie Sanders, who has twice sought the Democratic presidential nomination. Another leading Democrat, Elizabeth Warren, also voted against a second term.
Prominent
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
More than half of US organisations ‘vulnerable to IT failure’
New research underlines cyber risks to central banks following CrowdStrike IT outage
Trump says he would probably let Powell continue on Fed board
If he is “doing the right thing”, Jerome Powell can serve out his term, former president says
Lebanese central bank joins action against ex-governor, say reports
Official says central bank has joined foreign investigations of alleged crimes by Salameh
Ukraine’s governor on central banking as war endures
Andriy Pyshnyy speaks about Ukraine’s financial stability and need for investment
Taliban regime appoints new Afghan governor
Noor Ahmad Agha is under international sanctions over alleged terrorist links
Philippine central bank holds rates and cuts inflation forecast
BSP governor signals possible August rate but refuses to comment on board member allegations
Brazilian politicians launch legal action against Campos Neto
Allies of president escalate pressure on central bank as policy-makers opt to hold rates
Expanded IMF mandate presents ‘serious’ challenges, review finds
Independent review finds staff have been overstretched by work on climate, gender and technology