Jerome Powell, whom the Senate confirmed to a second term on Thursday, said allowing rapid inflation to persist would be more painful.
Author: Jeanna Smialek and Emily Cochrane
Senate Confirms Philip Jefferson as a Fed Governor
Lawmakers have now confirmed three of Mr. Biden’s nominees to the seven-person Fed Board of Governors in Washington.
Senate Republicans Move to Stall Critical Vote on Fed Nominees
The White House’s five Fed nominees, including picks for the chair and vice chair, were supposed to face a vote on Tuesday.