The Federal Reserve appointed Colin Powell as interim chairman

2022-04-30 0 By

The US Federal Reserve announced Thursday that it has appointed Jerome Powell as interim chairman pending senate confirmation of Powell’s nomination for a second term as chairman of the Central bank.The Federal Reserve said in a statement that Powell’s appointment as interim chairman of the Federal Reserve will take effect on Friday, allowing him to continue his duties beyond the end of his first four-year term as fed chairman.The Federal Open Market Committee, the central bank’s policy-making body, appointed Mr. Powell as chairman at its annual meeting in January, the statement said.Powell will also serve as a Fed governor until 2028.President Joe Biden nominated Powell for a second term last November, but the Senate has yet to vote on his nomination.Powell, who was born in February 1953, has been a Fed governor since May 2012 and fed chairman since February 2018.(Original title: Federal Reserve appointed Powell as interim chairman source: CCTV) Editor: Jin Chenye Coordinated: Wang Shaoyu