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.

    Democrats Release Memo to Counter GOP's FBI Claims

    [NATL-NY] Democrats Release Memo to Counter GOP's FBI Claims

    A redacted, declassified memo released by Democrats on the House intelligence committee Saturday aims to counter a narrative that Republicans on the committee have pushed for months — that the FBI and Justice Department conspired against President Donald Trump during his presidential campaign, abusing a secret surveillance process to spy on one of his operatives in its Russia investigation. Checkey Beckford reports.

    (Published Sunday, Feb. 25, 2018)