Reuters
The majority of the U.S. Senate on Tuesday voted to confirm Federal Reserve Governor Jerome Powell to succeed Janet Yellen at the helm of the central bank in a move that would likely ensure continuity in U.S. monetary policy. Trump had the option of appointing her to a second term, but instead chose the 64-year-old, Princeton-trained former investment banker who was originally appointed to the Fed board 5 ½ years ago by then-President Barack Obama.
Mr Powell, who was named in November as Mr Trump's nominee, is a Republican and is seen to back low interest rates.
He was confirmed by the US Senate by an overwhelming vote of 84-12.
It was the most lopsided of recent Fed chair votes, signaling both Powell's bipartisan appeal and the gradual ebbing of some of the tensions raised by the central bank's aggressive response to the 2007-2009 financial crisis and recession.
YouTube pushing fans to 'Official Artist Channels' with automatic subscriptions
As a natural outcome , however, it seems inevitable that Vevo artist channels are about to lose their standing on YouTube. Many people consider YouTube their go-to source for music, but a lot of artists have a mishmash of official channels.
CIA's Pompeo Praises Trump's Grasp of Intelligence Issues
North Korea is developing missile and nuclear technology amid regular threats to destroy the United States and Japan and in defiance of U.N.
Argus Cuts Regeneron Pharmaceuticals (NASDAQ:REGN) Price Target to $470.00
The firm has a market capitalization of $39,920.00, a price-to-earnings ratio of 33.74, a P/E/G ratio of 1.43 and a beta of 1.52. It increased, as 18 investors sold PLXS shares while 62 reduced holdings. 106 funds opened positions while 593 raised stakes.
Fed Reserve conducts US' monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the economy.
As the Associated Press reports, Powell, a Republican, is viewed in Congress as a centrist. Democratic leaders like- Ted Cruz, Kamala Harris and Bernie Sanders to name a few, were those who voted against Powell.
Powell was an undersecretary of the Treasury under former President George H.W. Bush.
Recommended News
-
/cdn.vox-cdn.com/uploads/chorus_image/image/58402975/908402700.jpg.0.jpg)
24 January 2018Ex-Patriots Chris Long, LeGarrette Blount leading Eagles' Super Bowl charge
Blount has the Eagles' only two rushing touchdowns of the postseason, which followed a 766 yard and two touchdown regular season. However, the player who has had the biggest impact and comes through during the clutch has been wide receiver, Danny Amendola.
24 January 2018South Korea to file complaint to WTO over USA safeguard measures
South Korea has pushed to stop the US from imposing the restrictions, arguing the move would only damage USA interests. That will fall to 25 percent in the second year, 20 percent in the third year and 15 percent in the fourth year.
24 January 2018USA Gymnastics executive leaders resigning amid Nassar abuse scandal
Aly Raisman , one of the Olympic gold-medal-winning gymnasts who said she was sexually abused by Larry Nassar , blasted the U.S. Nassar, 54, has pleaded guilty to 10 counts of criminal sexual conduct and faces life in prison. -
24 January 2018Gold Coast detectives make arrest over two sus deaths
A woman has been arrested in connection with the suspected murders of a man and a woman found dead years apart on the Gold Coast. Detectives also allege the woman seriously assaulted her 25-year-old daughter on multiple occasions over several years.
23 January 2018Overturned tractor-trailer shuts down 2 lanes on I-85
State police responded around 10:13 a.m., and the overturned truck was found in the work zone at the Route 17 West split. Missouri State Highway Patrol spokesman Juston Wheetley did not immediately have information about the victims.
23 January 2018Mass brawl between Turks, Kurds breaks out at Germany's Hannover airport
But the U.S. and other Western powers see the Kurds in Syria as crucial allies in the effort to defeat ISIS in the region . The main goal of Turkey is to repel the terrorists. -
24 January 2018JJ Barea on John Wall: 'I don't think his teammates like him'
Their latest setback was definitely one of the worst as they were crushed 133-109 by the Charlotte Hornets. The bench wasn't much better and the Wizards hit just 31 percent of their shots in the blowout loss.
24 January 2018Parents, teachers work to keep ECOT open for remainder of school year
He's recommending the state Board of Education move to recoup that money, too. OH already started recouping $60 million from the 2015-16 school year.
24 January 2018WWE RAW 25 Delivers Highest RAW Viewership Since 2015
Rollins would eventually go on and hit the Curb Stomp on The Miz as he and DX then proceeded to do the celebration gesture. After over eight months away from the product, The Deadman finally returned to RAW on the 25th anniversary of the show. -
Zverev cops big fine over first-round withdrawal
That led to claims that some players who were not fully fit were starting matches so as not to lose out on the prize money. Mischa Zverev wasn't the only one unimpressed with his first-round effort against South Korean Hyeon Chung.
24 January 2018New York Metropolis sues Large Pharma over the opioid epidemic
In 2016, more than 1,000 people in New York City died of opioid-related overdoses, the largest number on record for one year. That is a major issue in New York City and the Tri-State Area given the area's transit problems and aging roads and bridges.
23 January 2018TCU girls enter Prime 25 for first time since 2010
Ty Cockfield and Deven Simms added 11 points each for the Red Wolves (7-13, 2-5 Sun Belt), who snapped a five-game losing streak. After a slow first half , he got more assertive and made clutch plays down the stretch and finished with 15 points.
/cdn.vox-cdn.com/uploads/chorus_image/image/58424091/887050852.jpg.0.jpg)
