Today news
About the same in other media
18.02 - 20:45
16.02 - 14:59
Powell Designated Fed ‘Chair Pro Tempore’ While Awaiting Senate Confirmation
Reading now: 496
The Federal Reserve’s board of governors voted Friday to designate Jerome Powell as its leader once his four-year term expires on Saturday, pending his confirmation by the Senate.
The move is largely procedural because President Biden has nominated Mr. Powell to serve a second four-year term, but the Senate hasn’t voted on his confirmation. Mr. Powell is expected to be confirmed with a bipartisan majority following an unremarkable Senate hearing last month.
Read more on wsj.comAbout this in other media
U.S. inflation data is like a 'punch in the stomach' for the Fed, says Citi economist cnbc.com /2 years ago
Fed's Mester says 'each meeting is going to be in play' for rate hikes this year cnbc.com /2 years ago
The Fed is about to raise interest rates and shaft American workers – again theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
