Senate Confirms Jerome Powell to Second Term Leading Federal Reserve

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Senate Confirms Jerome Powell to Second Term Leading Federal Reserve
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Fed Chairman Jerome Powell was confirmed to a second term by the Senate. His challenge is taming the highest inflation in 40 years without triggering a downturn.

Federal Reserve Chairman Jerome Powell said the central bank approved a half-percentage-point interest-rate increase in an effort to reduce inflation that is running at a four-decade high. Photo: Win McNamee/Getty ImagesJerome Powell.

Federal Reserve Chairman Jerome Powell said the central bank approved a half-percentage-point interest-rate increase in an effort to reduce inflation that is running at a four-decade high. Photo: Win McNamee/Getty ImagesJerome Powell
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