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Federal Reserve's Williams downplays WASH nomination deadlock: Confirmation timeline uncertain
ME News message: On April 7 (UTC+8), there is uncertainty regarding Kevin Wirth’s confirmation timetable for the role of Federal Reserve Chair, because major Republican senators oppose moving forward with his nomination while the current Chair, Powell, is still under investigation. William Williams, President of the New York Fed and Vice Chairman of the Federal Reserve Policy Committee, said that this uncertainty is not an issue for the Federal Reserve. Earlier this year, the Federal Open Market Committee voted to have Powell serve as Chair of the Policy Committee, and before Wirth’s confirmation, Powell may continue to hold the position. Williams said, “We’re just focused on doing our own work. There is no issue of continuity or anything like that within the committee.” ( Jin Ten ) (Source: ODAILY)