Federal Reseve's Powell to get Senate nod for second term this week
Philip Jefferson would become fourth Black man to serve as a Fed governor
By Arghyadeep Dutta
Published - May 11, 2022, 05:23 PM ET
Last Updated - Feb 27, 2024, 01:03 PM EST
Powell is expected to lead US monetary policy committee and tame inflation with rate hikes
Jerome Powell, who has been nominated for a second term as chair of the US Federal Reserve, could win confirmation from the Senate as soon as late Wednesday.
Lawmakers are also expected to vote on Philip Jefferson, whom President Biden nominated as one of the Fed governors.
Davidson College dean of faculty Jefferson would become the fourth Black man to serve as a Fed governor in the central bank’s history.
