Jerome Powell confirmed as Federal Reserve Chair


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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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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