The Senate on Tuesday approved President Donald Trump’s selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month.
Trump decided against offering Yellen a second four-year term as chair despite widespread praise for her performance since succeeding Ben Bernanke.
One of the dissenters, Sen. Elizabeth Warren, D-Mass., said she was concerned that Powell “will roll back critical rules that help guard against another financial crisis.”
But Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, praised Powell’s tenure on the Fed board.
On Tuesday, J&J reported a big jump in sales, but that was offset by sharply higher spending on production, marketing, administration and research, partly due to one-time charges.
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- Senate confirms Powell for Fed chair, handing Trump's pick enormous influence ...Washington Post
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