The U.S Senate reconfirmed Jerome H. Powell as the Federal Reserve chairman for a second four-year term on May 12, highlighting its confidence in the central bank’s recent policy decisions at a time of 40-year high inflation and a shaken post-pandemic economy. The Senate approved Powell by an 80–19 vote, with several Republicans and Democrats…
Jerome Powell Confirmed by Senate for a Second Term as Fed Chair
May 12, 2022
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Janet Yellen Urges Congress to ‘Act Big’ on Relief Despite Debt Burden
WASHINGTON—During her Senate confirmation hearing on Jan. 19, Treasury Secretary-nominee Janet Yellen championed President-elect Biden’s economic policies and urged lawmakers to provide further fiscal support to avert “a longer, more painful recession.” “Over the next few months, we are going to need more aid,” Yellen said in her opening remarks. “Neither the President-elect, nor I,…
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