Skip to main content

Powell’s Fed Nomination Goes Back to Committee

Phil Hall
Jan 12, 2018
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

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.
 
According to a Reuters report, the committee already approved Powell in a Dec. 5 vote. However, the full Senate failed to vote on the nomination prior to the end of the 2017. As a result, Senate procedures require a second vote before the nomination can continue to the full chamber.
 
Powell is expected to clear the committee without issue. Republican hold a slender 51 to 49 edge in the full Senate, where a simple majority vote is needed to assure the nomination’s approval.

 
Published
Jan 12, 2018
Fannie Mae Names Almodovar Its New CEO

Financial services veteran brings more than 30 years experience and a strong commitment to affordable housing.

Regulation and Compliance
Sep 29, 2022
OCC Fines Sterling Bank & Trust $6M Over Mortgage Fraud

Bank, parent company remain under criminal investigation by Justice Department and SEC.

Regulation and Compliance
Sep 27, 2022
Federal Court Shutters Sham Mortgage Relief Operation

FTC, California agency accuse 2 business owners of scam that cost consumers millions of dollars.

Regulation and Compliance
Sep 22, 2022
CFPB Seeks Input On Creating New Mortgage Products

Agency seeks information on refinances, mortgage products to promote competition and support household financial stability.

Regulation and Compliance
Sep 22, 2022
The Fed Raises Interest Rate 0.75% For The 3rd Time

Chairman said housing market may have to go through "a correction" to return to balance.

Regulation and Compliance
Sep 21, 2022
Fed Committee Gathers To Renew Inflation Fight

FOMC expected to announced 0.75% rate hike after 2-day meeting ends Wednesday.

Regulation and Compliance
Sep 20, 2022