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Senate Panel to Vote Again Wednesday on Powell's Fed Nomination

The Senate Banking Committee will vote next week for the second time on the nomination of

Jerome Powell

to be the next Federal Reserve chairman, a spokeswoman said Thursday.

The committee voted 22-1 last month to approve Mr. Powell’s nomination, but the nomination expired at the end of 2017 and the White House had to resubmit it this month, requiring a second committee vote. A committee spokeswoman said the vote is set for Wednesday.

If confirmed by the full Senate, Mr. Powell would take the helm of the central bank when Chairwoman

Janet Yellen’s

term expires Feb. 3.

The Senate Banking Committee also will vote Wednesday on the nomination of Fed Vice Chairman for Supervision

Randal Quarles

to serve a full 14-year term on the Fed board. Mr. Quarles was confirmed last year to fill an unexpired term that ends Jan. 31. The White House has nominated him to serve a full term on the Fed board.

Write to Kate Davidson at

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