Jerome Powell, the Fed Chair Nominee, Sees Continuity if Confirmed
Since joining the Fed, he has voted in favor of every policy decision — both monetary policy
and regulatory policy — under the current Fed chairwoman, Janet L. Yellen, and her predecessor, Ben S. Bernanke.
“I do think we’ve had eight years now of writing new rules and honestly I can’t think of a place now where we are lacking,” he said.
“I think that the case for raising interest rates at our next meeting is coming together,” he said.
“I think they’re tough enough.”
Senators asked few questions about monetary policy, a tacit endorsement of the Fed’s success under Ms. Yellen.
Janet L. Yellen, the current Fed chairwoman, and her predecessors have often warned that the growth of the federal debt is a problem for the economy.