(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 80 votes to 19. This vote was the last expected, after the confirmation of Lael Brainard as Vice President, and Lisa Cook and Philip Jefferson as governors, but the White House must propose a new candidate for the post of vice president for banking regulation, after the abandonment of Sarah Bloom Raskin for lack of sufficient support.

https://www.lapresse.ca/affaires/economie/2022-05-12/etats-unis/le-senat-confirme-la-reconduction-de-jerome-powell-comme-president-de-la-fed-pour-un-second-mandat.php

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