Majority Of Senate Backs Powell As Next Fed Chair

By Kitco News / January 23, 2018 / www.kitco.com / Article Link

WASHINGTON (Reuters) - A majority of the U.S. Senate on Tuesday voted to confirm Federal Reserve Governor Jerome Powell as the next head of the central bank, likely ensuring continuity in monetary policy.

Powell, who was seen as an uncontroversial pick with views closely aligned with current Fed Chair Janet Yellen‘s, is a lawyer and former investment banker. He has served on the Fed’s Board of Governors since 2012.

Reporting by Howard Schneider; Editing by Tim Ahmann

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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