Senate Approves Powell to Follow Yellen as Fed Chair - NBC10 Boston

Senate Approves Powell to Follow Yellen as Fed Chair

Jerome Powell was nominated by President Donald Trump in November

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    Senate Approves Powell to Follow Yellen as Fed Chair
    Getty Images
    Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Nov. 28, 2017, on Capitol Hill in Washington, DC.

    Jerome Powell will take the helm as the 16th chairman of the Federal Reserve, after the Senate confirmed him for the position Tuesday, CNBC reported.

    Powell was nominated by President Donald Trump in November.

    He comes to the position amid a critical time for the Fed, which is normalizing policy after years of extraordinary accommodation triggered by the financial crisis.

    He likely won't officially assume his duties until Janet Yellen's term expires in February.

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    Police released footage of a mother who said she accidentally left her 5-month-old in a car for half an hour in a Goodyear, Arizona, parking lot when she, her sister and other daughter went into the store. Officers are heard on camera saying it was about 99 degrees outside. 

    (Published Thursday, Aug. 22, 2019)