|# 21 Mar, 2019 08:34|
The US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve vans old skool blanche femme pas cher , putting President Donald Trump's pick in a role of enormous influence in the world's largest economy.
Current Federal Reserve Chair Janet Yellen (left) and Federal Reserve Governor Jerome Powell (right), Yellen's successor.
Powell, a current Fed governor, was confirmed by a vote of 85-12 vans old skool blanche femme , paving the way for him to replace current Chair Janet Yellen when she steps down next month.
In choosing to replace Yellen, Trump dismantled another piece of his predecessor Barack Obama's legacy, making Trump the first US president in nearly 40 years not to reappoint the incumbent Fed chair.
Analysts say Powell's appointment offered Trump the chance both to remove an Obama appointee, while also signaling to markets that he favoured continuity with the slow and deliberate rate increases that had won Yellen plaudits at the end of her term.
In addition to being a Democrat and the first female chief of the US central bank vans old skool blanche , Yellen was also a defender of the regulations enacted following the financial crisis - putting her at odds with the current White House's deregulation agenda.
Powell, 64, had already been through the Senate confirmation process before becoming a Fed governor in 2012. Since then, he has never dissented from any of the central bank's monetary decisions.
During a drawn out search process vans old skool noir femme pas cher , Powell emerged as a centrist, consensus candidate - a Republican unlikely to raise rates too quickly but amenable to loosening financial regulations in ways long sought by Wall Street.
In promoting Powell to the Fed leadership, Trump takes another step toward remolding the central bank in his image, with four vacancies on the Fed's board of governors yet to be filled.
In November vans old skool noir femme , Trump also nominated university professor and conservative economist Marvin Goodfriend to fill one of the vacancies.
Goodfriend appeared on Tuesday for Senate confirmation hearings, where lawmakers grilled him about predictions - which were never borne out - that Fed stimulus following the 2008 financial meltdown would drive up inflation without aiding the economic recovery.
Yellen has led the central bank since 2014 and will relinquish the leadership post just as the US economic recovery is cresting, having overseen falling unemployment, robust growth and low inflation - conditions that have won her praise from many vans old skool noir , including Trump.
SEOUL, July 22 (Xinhua) – Two passenger trains collided head- on on Tuesday afternoon in the eastern region of South Korea, local broadcaster YTN reported.
One female passenger in her 50s or 60s has been confirmed dead, and dozens of others wounded. The number of casualties was feared to increase because 65 passengers were taken to a nearby hospital.
A total of 103 people were on board the crashed trains.
The trains collided at about 5:50 p.m. local time in the single- track between Taebaek Station and Mungok Station vans old skool gris et noir , located in Taebaek, the eastern Gangwon Province.
The collision was estimated to be caused by the signal failure as the two trains collided in the same track. Some passenger cars were derailed after the crash.
Witnesses said the terrific explosion sound was heard when the trains collided.
Some 100 passengers escaped from the crashed trains through their own efforts. A number of fire engines and rescuers were dispatched to the site.
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