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Federal Reserve's Williams downplays WASH nomination deadlock: Confirmation timeline is uncertain
ME News message: On April 7 (UTC+8), there is uncertainty about the timetable for Kevin Worch’s confirmation as Federal Reserve Chair, because major Republican senators oppose advancing his nomination while the current Chair, Powell, is still under investigation. William, 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 Fed. The Federal Open Market Committee voted earlier this year that Powell would serve as Chair of the Policy Committee, and before Worch is confirmed to take over, Powell can continue in this role. Williams said that we are simply focused on doing our own work. The committee does not have any issues of continuity. ( Jin10 ) (Source: ODAILY)