Federal Reserve Chairman Jerome Powell was formally sworn in on Monday to a second, four-year term leading the central bank, and governor Lael Brainard took the oath of office to become the Fed’s vice chairwoman.
Mr. Powell won confirmation to his new term with an 80-19 vote in the Senate on May 12. Ms. Brainard won Senate confirmation as vice chairwoman last month. The terms of their respective leadership positions run until May 15, 2026.
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This post first appeared on wsj.com
