Senate Confirms Jerome Powell for Second Term as Fed Head

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  • 08/19/2022

The Senate on Thursday voted 80 to 19 to confirm Jerome Powell to a second term as Federal Reserve chair. 

Powell has served as Federal Reserve chair since 2018. 

As reported by Just the News, the 19 votes against his confirmation came from 13 Republicans and five Democrats, and included a range of lawmakers from Sen. Ted Cruz to Sen. Bernie Sanders. 

"Working families should not bear the cost of fighting inflation. As Fed Chair, Jerome Powell must focus on strengthening our economy without slamming the brakes on its growth or hurting families already struggling with higher prices,” Democratic Sen. Elizabeth Warren tweeted after voting against his confirmation. 

"Climate chaos is an urgent and potentially catastrophic economic threat. Jerome Powell has failed to take it seriously, failed to keep big financial institutions from loading up on risk, and failed to adequately regulate Wall Street," Democratic Sen. Jeff Markley tweeted. "I voted NO on his nomination today."

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