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Senate Banking Chairman Expects Fed Nominee Hearings in January

  • Brown pushes back timetable for vetting Fed nominees
  • Biden has three more slots to fill on central bank’s board
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Powell-Brainard Provide Continuity at Fed, Says Summers
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Senate Banking Chair Sherrod Brown said Tuesday that confirmation hearings for Jerome Powell as Federal Reserve chair and Lael Brainard for vice chair won’t be held until January, along with three other Fed nominees yet to be named.

Brown had previously said he was considering hearings for President Joe Biden’s nomination of Powell for a second term as head of the central bank and Brainard as vice chair as early as this month. But he said Tuesday that the White House hasn’t sent all the paperwork necessary for their nominations and committee members need time to prepare questions.