Senate Confirms Powell for FRB Chair

The Senate overwhelmingly confirmed Jerome H. Powell as the next chairman of the Federal Reserve Board (FRB) on Tuesday, January 23rd, voting 84 to 13 to give President Trump's nominee a four-year term as one of the most powerful stewards of the global economy, according to the Washington Post.

Powell, a current FRB Governor and former financial-firm executive, will replace FRB Chair Janet L. Yellen, whose term ends in February. First appointed to the FRB in 2012 by President Barack Obama, Powell is expected to largely continue Yellen's policies — a contrast from other candidates Trump considered who had criticized the FRB under Yellen for its focus on low interest rates and economic stimulus.

Mr. Powell also worked in President George H.W. Bush's Treasury Department, as well as at the Bipartisan Policy Center.

Please see SFIG's Key Policymaker Tracker here for a current list of key nominees in the executive branch.

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