You are currently viewing As Americans get hammered by roaring inflation, 80 senators vote to confirm Federal Reserve chair Jerome Powell to another term

As Americans get hammered by roaring inflation, 80 senators vote to confirm Federal Reserve chair Jerome Powell to another term

The on Thursday voted 80-19 in favor of confirming to a second term as chair of the .

While lawmakers from both parties voted to confirm Powell, there were also senators on both sides of the political aisle who voted against confirmation — Sens. Rand Paul (R-Ky.), Richard Shelby (R-Ala.), Bernie Sanders (I-Vt.), Jon Ossoff (D-Ga.), and Elizabeth Warren (D-Mass.) were some of the 19 lawmakers who voted against confirmation.

“Today, I voted no on the reconfirmation of Jay Powell to be Chairman of the @FederalReserve,” Sen. Shelby said in a statement. “American families are facing rampant inflation and historically high prices. Powell and the rest of have failed the American people. We should not reward failure.”

Today, I voted no on the reconfirmation of Jay Powell to be Chairman of the @FederalReserve. American families are facing rampant inflation and historically

..... (Read more by following the post link below)

This post was originally published on this site

Also See...