Senate Approves Powell to Follow Yellen as Fed Chair - NBC 7 San Diego
National & International News
The day’s top national and international news

Senate Approves Powell to Follow Yellen as Fed Chair

Jerome Powell was nominated by President Donald Trump in November

    processing...

    NEWSLETTERS

    Senate Approves Powell to Follow Yellen as Fed Chair
    Getty Images
    Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Nov. 28, 2017, on Capitol Hill in Washington, DC.

    Jerome Powell will take the helm as the 16th chairman of the Federal Reserve, after the Senate confirmed him for the position Tuesday, CNBC reported.

    Powell was nominated by President Donald Trump in November.

    He comes to the position amid a critical time for the Fed, which is normalizing policy after years of extraordinary accommodation triggered by the financial crisis.

    He likely won't officially assume his duties until Janet Yellen's term expires in February.

    Officer Shoots Through His Own Windshield During Car Chase

    [NATL] Las Vegas Officer Shoots Through His Own Windshield During Car Chase

    Body cam footage released by the Las Vegas Metropolitan Police Department shows an intense pursuit seen from the front seat of a patrol car. Officer William Umana was trying to stop a pair of suspected killers who had fired at police 34 times. One is seen on camera shooting back while driving, blowing holes in his own windshield.

    (Published 33 minutes ago)