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Sept 6 - A broad bipartisan majority of the U.S. Senate on Wednesday voted to confirm Federal Reserve Governor Philip Jefferson as vice chair of the U.S. central bank.
Senators are expected later on Wednesday to also take up the nominations of Fed Governor Lisa Cook to a new 14-year term, and of World Bank economist Adriana Kugler to fill the last open seat at the seven-member Fed Board. Confirmations would put the three in place ahead of the Fed's next policy-setting meeting on Sept 19-20, at which policymakers are widely expected to leave the benchmark rate in its current range of 5.25%-5.5%, but to also leave the door open for one last rate hike before the end of the year.
Jefferson and Cook joined the Fed in May 2022 and have voted for all of the Fed's rate hikes since then.
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Fed vice chair nominee Jefferson heads to Senate confirmationBy Richard Cowan and Ann Saphir WASHINGTON (Reuters) - The U.S. Senate on Tuesday voted overwhelmingly to clear the way for the confirmation this week ...
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Fed vice chair nominee Jefferson heads to Senate confirmationBy Richard Cowan and Ann Saphir WASHINGTON (Reuters) - The U.S. Senate on Tuesday voted overwhelmingly to clear the way for the confirmation this week ...
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Fed's Jefferson poised for Senate confirmation as Fed Vice ChairThe U.S. Senate on Wednesday is poised to confirm Federal Reserve Governor Philip Jefferson as vice chair of the U.S. central bank, after an overwhelming bipartisan majority of lawmakers voted on Tuesday to limit debate over his nomination. Senators began the confirmation voting process on Jefferson shortly after 11:30 am ET. They are expected later on Wednesday to also take up the nominations of Fed Governor Lisa Cook to a new 14-year term, and of World Bank economist Adriana Kugler to fill the last open seat at the seven-member Fed Board.
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Fed's Jefferson poised for Senate confirmation as Fed Vice ChairBy Richard Cowan and Ann Saphir (Reuters) - The U.S. Senate on Wednesday is poised to confirm Federal Reserve Governor Philip Jefferson as vice chair ...
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Philip Jefferson Confirmed as Federal Reserve Vice Chair by SenateThe Senate confirmed Philip Jefferson as vice chair of the Federal Reserve on an 88-10 vote Wednesday, with other central bank nominations also on deck for confirmation votes.
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Euro zone August downturn deeper than was thoughtKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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