BANKING/FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “The Senate Banking Committee voted Tuesday [12-5-17] to advance the nomination of Federal Reserve governor Jerome Powell to be the next chairman of the U.S. central bank.
All but one of the panel’s Democrats— Sen. Elizabeth Warren (D., Mass.)—joined Republicans to approve Mr. Powell’s nomination by a 22-1 vote.
‘His years of service on the board, at Treasury and in the private sector have equipped him with a lifetime of experience to draw upon when dealing with a myriad of difficult situations that the Fed could face,’ Chairman Mike Crapo (R., Idaho) said before the vote.
Mr. Powell’s nomination now will advance to the Senate floor for a full vote on a date to be determined.”
-Kate Davidson, “Senate Panel Advances Powell’s Nomination to Be Next Fed Chairman,” The Wall Street Journal online, Dec. 5, 2017 10:41am