Marvin Goodfriend, President Donald Trump's nominee for a Federal Reserve Board seat, was expected to coast to his confirmation in the Republican-controlled Senate. After a rocky hearing last month before lawmakers, that's now in doubt. The Senate Banking Committee has scheduled a vote on Goodfriend's nomination for Thursday. Though approval at this stage is likely, a final decision by the full chamber appears too close to call, with opponents on the left and right lobbying against his confirmation. "He had a dreadful hearing, and there is a contingent of the Republican party that loathes the Federal Reserve more than it likes the White House," said Isaac Boltansky, an analyst at Compass Point Research & Trading in Washington.
Nominee For Fed Seat No Longer A Shoo-in
By Christopher Condon, Bloomberg news, Houston Chronicle: Business
Wed, 02/07/2018 - 7:51pm
BING NEWS:
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Key Takeaways The Federal Reserve is widely expected to keep its benchmark interest rate steady at its current range of 5.25-5.5% when it announces a policy decision Wednesday.The Fed is keeping ...
06/7/2024 - 12:00 am | View Link - Will mortgage rates fall after the June Fed meeting? Here's what experts think
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06/6/2024 - 4:29 am | View Link - Sen. Bob Menendez's corruption trial looms over New Jersey primary day
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Crozet resident Paul Riley, an intelligence analyst and U.S. Army veteran, faces Gary Terry, also a veteran and engineer from Danville, and Gloria Witt, a businesswoman and community activist from ...
06/3/2024 - 7:45 am | View Link - More
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