Economics
Senate Will Probably Confirm Trump’s Fed Pick, But Not Without Some Drama
- All candidates likely to get 51 votes needed for confirmation
- Some lawmakers haven’t been shy about touting top choices
Making the Case for Jay Powell as Next Fed Chair
This article is for subscribers only.
The U.S. Senate probably will confirm President Donald Trump’s pick to lead the Federal Reserve, but the process won’t be free of drama.
Any of the five candidates Trump is considering for Fed chairman risk some uncomfortable moments before lawmakers. But each seems likely to secure the 51 votes needed to win confirmation, according to congressional aides, lobbyists and analysts.