Fed’s Powell could get Senate renomination nod Wednesday
2022.05.11 22:51
FILE PHOTO: Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in Washington, U.S., March 3, 2022. Tom Williams/Pool via REUTERS
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(Reuters) – Jerome Powell, nominated for a second term as chair of the Federal Reserve by President Joe Biden, could get U.S. Senate confirmation late on Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown.
Asked the status of the Senate votes on Powell and a seocnd Fed nominee, Davidson College dean of faculty Philip Jefferson, Brown told Reuters that they could take place “either tonight or tomorrow. … I’m confident we’ll get them done by tomorrow.”
Brown said a crowded Wednesday Senate agenda could push the votes into Thursday. Both Powell and Jefferson are expected to have bipartisan support.
