“The Senate has confirmed Federal Reserve Chairman Jerome Powell to a second four-year term that is shaping up to be just as difficult as his first term as the central bank faces the highest inflation in 40 years,” the Wall Street newspaper relationships.
“Mr. Powell’s nomination, passed Thursday in a bipartisan 80-19 vote, has been on track for months to gain bipartisan approval despite the inflation unease and aggressive interest rate hikes the Fed urgently has. price pressures started to cool. “