Jerome Powell confirmed for second term as Fed Chair

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The US Senate has overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve.

"Few institutions are more important to help steer our economy in the right direction and to fight inflation than the Fed," said Senate Majority Leader Chuck Schumer ahead of the vote.He added that"Chairman Powell presided as Fed chair during some of the most challenging moments in modern American history.

The Fed is expected to continue on its path of hiking rates throughout the year to curb demand and help prices cool off.Raskin, a former Fed governor who was deputy Treasury secretary during the Obama administration, ultimately withdrew herself from consideration in March.Powell's confirmation was advanced in March with a 23-1 majority.

 

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Hillary Clinton approved dissemination of Trump-Russian bank allegations to media, campaign manager testifies Clinton's former campaign manager said he took the idea of leaking Trump-Russia allegations to multiple senior campaign officials

Why he never did ANYTHING RIGHT

The fix is still working

🖤😇

Robrto food

WOW that is dumb

As a result, members of the Senate have no justification to complain about rising interest rates any more.

Keep the printing presses rolling!! Who gives a shit about inflation at this point 2000Mules

Let us see if the Fed Chair can wiggle out of this one. Remember, they purchased eight trillion stocks and bonds . In the past several years.

Shame on this silent world!shame on global manipulated media! Yes the death of Shirin is very personal to every and each one of us! It just can't pass like nothing happened! We need justice! Enough is enough. IsraeliCrimes IsraeliApartheid

Wut? Bipartisan? 😲

He is part of the problem

Too bad they can’t overwhelmingly vote to give women the right to bodily autonomy.

J. Powell is a good man who wants America to be successful and thrive!!

Sure, he’s serving their “interest”.

I don’t know what to feel about that…

Markets will rally

BIG MISTAKE. BTW............WHY don't we ever get the complete story.........THE NAMES AND HOW THEY VOTED.

Cause who else wants that job right now?!

If its bipartisan that strongly then hes helping make people rich.

He is crashing the market causing a world recession and getting rehired, ridiculous

Now, the world is definitely heading toward an economic depression that will make the GreatDepression look like a stroll in the park.

The American government has stopped working for the people or even for the betterment of the people's lives. It has become its own reality show to see just how miserable it can make the masses. It's time to revolt. This country is due for a revolution.

Cause he is doing such a bang-up job handling inflation ....LOL

The definition of insanity is hiring the same person and expecting something different.

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