The Senate voted 85-12 to confirm Federal Reserve Board Governor Jerome Powell as chair of the Fed board when Janet Yellen’s term expires in February 2018.
President Donald Trump nominated Powell for the position in November and, despite receiving approval from the Senate Banking Committee in December, the full Senate did not vote on his nomination before adjourning for the New Year. Trump renewed Powell’s nomination in early January.
Find out more about Powell’s stances that were revealed during his initial confirmation hearing before the Senate Banking Committee.