Senate reconfirms Powell to second term as Federal Reserve chair, 80-19

The Senate votes 80-19 to confirm Jerome Powell to a second four-year term as Federal Reserve chair, with broad bipartisan support despite warnings from progressive Democrats. Powell is sworn in for his second term on May 23, 2022. His term runs through May 2026. President Biden nominates Powell for a second term in Nov. 2021, citing continuity at the Fed during a period of post-pandemic economic uncertainty. (Senate Banking Committee, May 12, 2022)