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.
Not exact matches
With the term
of Janet Yellen as Federal Reserve chair ending
next February, the president will have to nominate and the Senate will have to confirm a new
head of the
central bank in coming months.
Schroder Investment Management's
head of US Multi-Sector Fixed Income discusses why
central -
bank policy has distorted markets and what happens
next.
WASHINGTON — U.S. President Donald Trump is likely to pick Federal Reserve Governor Jerome Powell as the
next head of the U.S.
central bank, a source familiar with the matter said on Monday, prompting investors to push down yields on Treasury notes.
Janet Yellen, vice chairman
of the Federal Reserve, was confirmed Monday by the Senate to succeed Chairman Ben Bernanke as the
next head of America's
central bank.
Japanese Finance Minister Taro Aso, left, speaks
next to
Bank of Japan Gov. Haruhiko Kuroda, right, during a press conference after a meeting
of finance ministers and
heads of central banks of the Group
of Seven in in Akiu, northern Japan, Saturday, May 21, 2016.
According to a report in The Wall Street Journal, Federal Reserve
Bank of Philadelphia head Patrick Harker said he could see a move by the Fed to raise short term rates when the central bank meets next month on March 14 and
Bank of Philadelphia
head Patrick Harker said he could see a move by the Fed to raise short term rates when the
central bank meets next month on March 14 and
bank meets
next month on March 14 and 15.
The heavy favorite to be named the
next head of the U.S.
central bank has indicated he isn't against bitcoin, but isn't embracing the idea
of a
central bank - issued digital currency.