Politico: Banking Committee approves Powell as Fed chair, with only Warren opposed
The Senate Banking Committee voted 22-1 on Tuesday to approve the nomination of Jerome Powell as chairman of the Federal Reserve Board.
Only Sen. Elizabeth Warren (D-Mass.) voted no, pointing to Powell's inclination to ease financial rules rather than make them stronger.
"Our financial rules need to be stronger, not weaker," Warren said Tuesday.
Read more on the Politico website here.
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