The Senate overwhelmingly voted Tuesday afternoon to make Jerome Powell the 16th chairman of the Federal Reserve, giving him an overwhelming bipartisan endorsement to manage the central bank.
The vote for the 64 year-old Powell, a current member of the Fed’s Board of Governors and former financier and Treasury official, was 85-13. He is set to take over from current Chairwoman Janet Yellen when her term expires Feb. 3.
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