Latest News : Senate Confirms Jerome Powell as Federal Reserve Chairman
The Senate confirmed Jerome Powell to become the 16th chairman of the Federal Reserve, clearing the way for a new leader likely to continue raising interest rates to keep the economic expansion on track.
Mr. Powell, who was confirmed by an 85-12 vote, will take over when Chairwoman Janet Yellen's four-year term ends Feb. 3. She has said she would leave the Fed board of governors once her successor is sworn in.
Mr. Powell, a Fed governor since 2012, will inherit an economy on the upswing fueled by a booming labor market and strong global growth.
Impact : Medium
Sentiment : Neutral for Dollar
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Ghinie
HP : 082135656333
PIN : 2B8F7267
Email :kedaitrader@zoho.com
Website : www.kedaitrader.com
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