Posted on 01/23/2018 4:46:37 PM PST by SMGFan
The U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen, a move likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight.
The Republican-controlled Senate voted 84-13 to approve the 64-year-old lawyer to a four-year term as Fed chair beginning early next month.
It was the most lopsided of recent Fed chair votes, signaling both Powell’s bipartisan appeal and the ebbing of some of the tensions raised by the central bank’s aggressive response to the 2007-2009 financial crisis and recession.
Controversy over those Fed policies led to a narrower 56-26 vote margin when Yellen became chair in 2013, and a 70-30 vote when former chair Ben Bernanke was named to a second term.
(Excerpt) Read more at reuters.com ...
“a move likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight.”
Bwahahaha, you gotto love that line. What a load.
Growing at .000000000001% is still growing.
[ likely to provide continuity in U.S. monetary policy with the economy growing now for nine years straight]
Yeah, those McDonald’s jobs and Walmart jobs that last for a week or three are booming.
Too many rats voted yes not a good sign
“Too many rats voted yes not a good sign”
Yes, when Dims vote for your guy you have to second guess your choice.
Who is this guy? Just another Goldman Sachs retread? Just a pawn for the global elite?
May he make the dollar great again.
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