Senate Committee Approves Powell for Fed Job – NMP
Regulation and Compliance

Senate Committee Approves Powell for Fed Job

Dec 05, 2017
President Trump’s nomination of Jerome Powell to become the next chairman of the Federal Reserve is being sent back to the Senate Banking Committee for a second vote on Jan. 17

The Senate Banking Committee overwhelmingly approved President Trump’s nomination of Jerome Powell to become the next chairman of the Federal Reserve.
 
The bipartisan vote was 22-1 in favor, with Sen. Elizabeth Warren (D-MA) casting the only negative vote. Warren claimed her belief that Powell would ease financial rules rather than make them stronger. However, Sen. Sherrod Brown (D-OH), the committee’s ranking member, stated Powell “provides our economy with the best chance of continued economic growth.”
 
Powell’s nomination will go to the full Senate for official confirmation.
 
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Dec 05, 2017
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