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Fed Chairman Powell’s chances of re-election improved: over half of Republicans in the Senate Banking Committee expressed their support

Summary [Fed Chairman Powell’s chances of re-election improved: Over half of Republicans in the Senate Banking Committee expressed support]Idaho Senator Mike Crapo said on Tuesday that if President Biden nominates Powell for re-election, he will vote in favor. Including him, seven of the 12 Republicans on the Senate Banking Committee have expressed support for Powell. […]