The U.S. Senate on Wednesday voted to confirm Fed Gov. Philip Jefferson as the Fed's Vice Chair.
The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson as the Federal Reserve’s Vice Chair.
Jefferson, an economist from Davidson College, has been a member of the Fed’s board of governors since 2022. Over the past year, Jefferson has supported Fed Chair Jerome Powell’s rapid interest rate hike strategy to quell inflation. Jefferson has not spoken often about the Fed’s interest-rate policy. Earlier this year, he rejected calls to raise the Fed’s 2% annual inflation target.Jefferson term as the Fed’s No. 2 will last for four years after he is sworn in. His term as a Fed governor is on a separate clock that does not expire until 2036.
Jefferson replaces Lael Brainard, who moved over to the Biden White House to become director of the National Economic Council.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed vice chair nominee Jefferson heads to Senate confirmation By ReutersFed vice chair nominee Jefferson heads to Senate confirmation
Read more »
Fed's Waller: Need more data to say Fed is done raising ratesFederal Reserve (Fed) Governor Christopher Waller told CNBC on Tuesday that data will drive whether the Fed needs to lift rates again and added that h
Read more »
Former Rep. Mike Rogers launches Republican Senate campaign for open Senate seat in battleground MichiganFormer U.S. Rep. Mike Rogers of Michigan launches a Republican Senate run for a Democratic-held seat in the crucial battleground state of Michigan
Read more »
Week 3 BGC Big Game of the Week: Sam Houston vs JeffersonWeek 3 of the high school football season features a District 14-5A D2 showdown between the Sam Houston Hurricanes and the Jefferson Mustangs.
Read more »
Washington visits Phoenix following Jefferson's 32-point gamePhoenix faces the Washington Mystics after Moriah Jefferson scored 32 points in the Phoenix Mercury's 86-73 loss to the Minnesota Lynx.
Read more »
CBI, Jefferson County Sheriff's Office to investigate arrest incident in Grand CountyThe Colorado Bureau of Investigation and the Jefferson County Sheriff's Office are conducting an independent investigation into an incident that occurred during an arrest in Grand County.
Read more »