Fed Chair Nominee Powell’s Hearing Unlikely Before ThanksgivingKrista Gmelich
President Donald Trump’s nominee to lead the U.S. Federal Reserve may have to wait until after Thanksgiving for his Senate confirmation hearing.
Having Jerome Powell testify in front of the Senate Banking Committee before the Nov. 23 holiday “might be a little quick,” said Mike Crapo, the panel’s chairman. Powell needs time to complete paperwork and meet with other legislators on the committee, the Senator said.
Powell might not have to wait too long. Crapo said he hopes “to move quickly, meaning in a matter of weeks.”
A few Republicans on the banking committee have expressed concerns about Powell’s previous Fed nominations. Crapo himself voted against Powell when he was reappointed to the central bank’s board in 2014.