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On January 23, 2018, the U.S. Senate voted 84-13 in favor of confirming Jerome Powell as the next Chair of the U.S. Board of Governors of the Federal Reserve System.
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On January 23, 2018, the U.S. Senate voted 84-13 in favor of
confirming Jerome Powell as the next Chair of the U.S. Board of
Governors of the Federal Reserve System. During the confirmation
vote, Chairman of the
U.S. Senate Committee on Banking, Housing and Urban Affairs,
Mike Crapo, delivered a statement in favor of Mr. Powell's
nomination. Mr. Crapo stressed the importance of the position of
Federal Reserve Board Chair, and praised Mr. Powell for his prior
experience, regulatory and market knowledge and track record.
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