**The U.S. Senate has confirmed Jerome Powell to a second term as chair of the Federal Reserve, a crucial role in shaping the nation’s economic policy.**.
Powell, who was first appointed by former President Donald Trump in 2018, was confirmed by a vote of 80-19. The vote largely fell along party lines, with all but three Republicans voting in favor of Powell’s confirmation..
Powell’s confirmation comes at a time when the Federal Reserve is facing a number of challenges, including high inflation and the ongoing COVID-19 pandemic. The Fed has already begun raising interest rates in an effort to curb inflation, and it is expected to continue to do so in the coming months..
Powell’s reappointment to the Fed is seen as a sign of continuity and stability in the central bank. He is widely respected by economists and policymakers, and his reappointment is likely to reassure investors and businesses..
In a statement following his confirmation, Powell said that he is .
