Senate panel sets Nov. 28 confirmation hearing for Fed chair nominee Powell

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Senate Banking Committee will hold a confirmation hearing for Jerome Powell, President Donald Trump`s nominee for chairman of the Federal Reserve Bank, on Nov.
28, the committee said in a statement on Wednesday.
Trump last week tapped Fed Governor Powell, 64, to become head of the U.
central bank, breaking with precedent by denying Janet Yellen a second term but signaling a continuation of her cautious monetary policies.

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