Salem Radio Network News Saturday, May 28, 2022

Business

Fed’s Powell could get Senate renomination nod Wednesday

(Deletes extraneous material)

(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.

(Reporting by Ann Saphir; Editing by Leslie Adler)

Previous
Next

Editorial Cartoons

View More »

Michael Ramirez
Wed, May 18, 2022

X CLOSE