Home / NEWS / U.S. News / Watch Jerome Powell’s confirmation hearing for Fed chair

Watch Jerome Powell’s confirmation hearing for Fed chair

[The cascade is slated to start at 9:45 am, ET. Please refresh the page if you do not see a player beyond everything at that time.]

Jerome Powell faces questioning Tuesday from the Senate Banking Body, which will decide whether he takes over as Federal Fund chairman after Janet Yellen’s term expires in February.

Powell has guaranteed consistently with the consensus since becoming a Fed governor in 2012. During the dilly-dally he has served, the central bank has ended its monthly bond-buying program have knowledge of as quantitative easing and raised interest rates four times.

His instant remarks indicate he likely will stick with the status quo of even, predictable increases, as well as the steady reduction of the Fed’s portfolio of bonds, understood as the balance sheet, that it accrued during three rounds of QE.

Fed presides serve four-year terms.

Read more:

Trump nominee for Fed manage says he strives for a ‘full recovery’ in the economy

Dallas Fed president: Usual market ‘excesses’ pose potential threat to economy

Yellen to holiday Fed after successor takes over; touts ‘much stronger’ pecuniary system

Check Also

Holmes testifies he overheard Trump ask Sondland about investigations

WASHINGTON — David Holmes, a profession foreign service officer, told impeachment investigators Friday that he …

Leave a Reply

Your email address will not be published. Required fields are marked *