United States: Jerome Powell Confirmed As Next Chair Of The US Board Of Governors Of The Federal Reserve System

On January 23, 2018, the U.S. Senate voted 84-13 in favor of confirming Jerome Powell as the next Chair of the U.S. Board of Governors of the Federal Reserve System. During the confirmation vote, Chairman of the

U.S. Senate Committee on Banking, Housing and Urban Affairs, Mike Crapo, delivered a statement in favor of Mr. Powell's nomination. Mr. Crapo stressed the importance of the position of Federal Reserve Board Chair, and praised Mr. Powell for his prior experience, regulatory and market knowledge and track record.

Mr. Crapo's statement at Mr. Powell's confirmation vote is available at: https://www.banking.senate.gov/public/index.cfm/republican-press-releases?ID=AF14C900-0973-49A5-B735-ACF8963E8D84.

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