Tag: donalds trump

US Senate confirms Jerome Powell as next Fed chairman

WASHINGTON, United States (AFP) — The US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve, putting President Donald Trump’s pick in a role of enormous influence over the world’s largest economy. Powell, a current Fed governor, was confirmed by a vote of 85-12, paving the way for him to replace current Chair Janet Yellen when she steps down next month. In choosing to replace Yellen, Trump dismantled another […]