U.S. Senate sets evening vote on Powell to be Fed chair
- By Reuters |
- Jan 24, 2018
- Last Updated at 02:01 IST
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WASHINGTON - The U.S. Senate on Tuesday voted to limit debate on the nomination of Federal Reserve Governor Jerome Powell to lead the central bank, setting the clock ticking towards a final confirming vote in the evening.
The Republican-controlled Senate voted 84-12 to move towards a final vote, which it agreed to hold at 5 p.m. (2200 GMT).
Powell, 64, was nominated by President Donald Trump in November to succeed Janet Yellen at the helm of the U.S. central bank. The lawyer and former investment banker has served on the Fed's Board of Governors since 2012.
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