Powell, Brainard Fed Nominations Advance to Full Senate Vote
- Jefferson also advances; Banking panel deadlocks on Cook
- Raskin’s withdrawal cleared way for committee action
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Jerome Powell won bipartisan support from a Senate panel for a second term as Federal Reserve chair on Wednesday evening while President Joe Biden’s other remaining nominees to join the central bank also advanced.
The Senate Banking Committee approved Powell in a 23-1 vote. The panel also backed sending the nominations of Lael Brainard as vice chair and Philip Jefferson as Fed governors to the full Senate for votes on confirmation.