United States:
Jerome Powell Named Fed Chair Pro Tempore While Awaiting Senate Confirmation
09 February 2022
Cadwalader, Wickersham & Taft LLP
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The Federal Reserve Board ("FRB") named Jerome H. Powell as Chair pro tempore
which enables him to continue his duties, pending confirmation by
the Senate, to a second term as Chair of the Board of
Governors.
Mr. Powell has been the Chair of the Federal Reserve Board since
February 2018 and was nominated for a second term by President
Joseph R. Biden in late 2021 (see previous coverage).
Separately, the FRB noted that Mr. Powell was named as Chair of
the Federal Open Market Committee at their annual organizational
meeting in January.
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