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Senate Confirms Powell as Next US Fed Chair

The Senate on Tuesday approved President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month. Senators voted 84-13 to confirm Powell to lead the nation's central bank, a post that is considered the most powerful economic position in government. Powell will succeed Janet Yellen, the first woman to lead the Fed, when her term ends Feb. 3. Trump decided against offering Yellen a second four-year term as chair...

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