JEROME POWELL, FEDERAL RESERVE CHAIR:
Voting 84 for and 13 against, the Senate on Jan. 23 confirmed Jerome H. Powell as chair of the Board of Governors of the Federal Reserve System, replacing Janet L. Yellin. Powell, 64, a Republican, joined the Fed board in May 2012 as an appointee of President Barack Obama. A former attorney in private practice and investment banker but not an economist, he was undersecretary of the Treasury for domestic finance under President George H.W. Bush. By law, the 94-year-old Fed operates independently of Congress and the White House. Its main duties are to conduct U.S. monetary policy, provide financial services to depository institutions and the Treasury and regulate banks to contain risk.
A yes vote was to confirm Powell to a four-year term as Fed chairman.
YES: UDALL, HEINRICH