The Senate on Tuesday confirmed Jerome Powell as the next chairman of the Federal Reserve, with a vote of 85-12.
Powell, 64, will lead the country's central bank and have major influence over the economy. He is succeeding Janet Yellen, whose term ends on Feb. 3. Powell, a lawyer and investment manager, has spent nearly six years on the Fed's board, and is viewed as a centrist, The Associated Press reports. He's been praised by Republicans and Democrats, with Sen. Sherrod Brown (D-Ohio) calling him a "thoughtful policymaker."
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Political cartoons for November 30Cartoons Sunday's political cartoons include the Saudi-China relationship, MAGA spelled wrong, and more
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Rothermere’s Telegraph takeover: ‘a right-leaning media powerhouse’Talking Point Deal gives Daily Mail and General Trust more than 50% of circulation in the UK newspaper market
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The US-Saudi relationship: too big to fail?Talking Point With the Saudis investing $1 trillion into the US, and Trump granting them ‘major non-Nato ally’ status, for now the two countries need each other
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US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
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Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
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