Powell Wins Senate Confirmation for Second Term as Fed Chair
- Gains broad bipartisan support as he tackles high inflation
- Follows Senate approval of three other Biden Fed nominees
Jerome Powell
Photographer: Al Drago/BloombergThis article is for subscribers only.
The Senate voted to confirm Jerome Powell for a second four-year term as Federal Reserve chair on Thursday, trusting him to tackle the highest inflation to confront the country in decades.
The overwhelmingly bipartisan 80-19 vote comes as the Fed grapples with soaring prices amid criticism it was slow to act against a threat that’s angered Americans and hammered President Joe Biden’s popularity.