(Washington) The US Senate on Thursday confirmed the reappointment as central bank (Fed) chairman of Jerome Powell, chosen by Joe Biden for a second term, in the midst of a series of rate hikes in the face of high inflation.

The Senate Plenary voted, as expected, in favor of “Jay” Powell, by an 80 to 19 vote. The Senate has already confirmed Lael Brainard as Vice President, along with Lisa Cook and Philip Jefferson as governors, and must now vote on the appointment of Michael Barr to the post of vice president for banking regulation, after Sarah Bloom Raskin, initially chosen, had given up, for lack of sufficient support.



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