U.S. Senate panel sets November 28 confirmation hearing for Fed chair nominee Powell

Reuters News
Posted: Nov 08, 2017 8:28 PM

WASHINGTON (Reuters) - The U.S. Senate Banking Committee will hold a confirmation hearing for Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve Bank, on Nov. 28, the committee said in a statement on Wednesday.

Trump last week tapped Fed Governor Powell, 64, to become head of the U.S. central bank, breaking with precedent by denying Janet Yellen a second term but signaling a continuation of her cautious monetary policies.

(Reporting by Howard Schneider; Writing by Mohammad Zargham; Editing by Eric Beech)