WORLD US Senate panel approves Powell nomination for Fed chair

WORLD

US Senate panel approves Powell nomination for Fed chair

By Wu Lejun | People's Daily app

23:29, December 05, 2017

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Jerome Powell makes an opening statement at his Senate Banking, Housing and Urban Affairs Committee hearing on November 28 on Capitol Hill in Washington, DC. (Photo: VCG)

Senate Banking Committee advances nomination of Jerome Powell for Federal Reserve chairman in bipartisan vote on Tuesday morning.

Jerome Powell wins over Senator Elizabeth Warren by a vote of 22 against 1. Powell's nomination will then goes to the full Senate for a confirmation vote.

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