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US Senate confirms Jerome Powell as Fed chair
Add BT as a preferred sourcePublished Wed, Jan 24, 2018 · 09:50 PM
Washington
THE US Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen, a move likely to provide continuity in US monetary policy with the economy growing now for nine years straight.
The Republican-controlled Senate voted 84-13 to approve the 64-year-old lawyer to a four-year term as Fed chair beginning early next month.
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