Senators delivered a show of confidence in Jerome Powell, President Trump’s pick for chairman of the Federal Reserve System, voting overwhelmingly Tuesday to confirm him to the position. In an 85-12 vote, the confirmation of Powell – a member of the US central bank’s Board of Governors since 2012 – was virtually a mere formality, although after the vote count Democratic Sen. Diane Feinstein changed her vote saying that she had initially misvoted, leaving the final tally at 84 in favor and 13 against. Mr. Powell is a moderate Republican who has served on the Fed’s board since 2012 and voted in favor of every policy decision during that period.
The United States Senate confirms Jerome Powell as chairman of the Federal Reserve Bank with 84 votes for and 13 against.