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Powell Designated Fed ‘Chair Pro Tempore’ While Awaiting Senate Confirmation
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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
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