Published: Sat, February 10, 2018
Money | By Michele Stevens

Jerome Powell sworn in as new Fed chair

Jerome Powell sworn in as new Fed chair

The President Donald Trump chose not to extend Yellen term and instead turned to Powell, who is widely believed to continue on the Fed's current path.

Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System on Monday, for a four-year term.

Here's what's coming with PS4's big 5.50 update
Just keep in mind that, similar to when playing a game locally on PS4, background music may not always be available. We're adding a function that will allow you to hide certain applications under the "Purchased" tab in the Library.

He studied politics at Princeton University, before earning a law degree from Georgetown University.

Mr Powell's predecessor, Janet Yellen, issued a statement congratulating Mr Powell at the time of his nomination, noting his "seriousness of purpose". Yellen was the first woman and the fourth Jew to serve as Fed chair.

Led coalition bombs pro-government forces
The operation was launched after "20 to 30 artillery and tank rounds landed within 500 meters of the SDF headquarters location". The official said they have not ruled out that Iranian backed-forces might have also been involved in the attack.

Both Yellen and Ben Bernanke before her dealt with a low-inflation, low-interest-rate economy that gave rise to a strong run in the stock market. In a video message, Powell pledged to support continued economic growth and a healthy job market while remaining "vigilant" to any emerging economic risks.

"If we were to face another period where you need innovative and creative leadership, Jay has a lot of skills, and it could still go OK, but you'd like to add to those skills a lifetime of studying monetary policy".

Drake Surprises University Of Miami Student With $50000 Check For Tuition
New reports claim the 6 God dug deep into his wallet to hook up a grip of Miami grocery store shoppers. Rapper Drake brightened the days of many Miami students on Monday.

The new president of the Fed had previously worked in the Treasury department during the George Bush administration in the 1990s and up until now he was one of the central bank's governors. The Fed board signed off on the consent order by a 3-0 vote, with Powell supporting the move.

Like this: