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After her win in Vermont, Christine Hallquist could be first transgender governor
Powell sworn in as Fed chief pledging to explain policy moves
07 February 2018, 12:44 | Austin Hogan
BRYAN R. SMITH AFP Getty Images
Janet continued the tradition of excellence of Fed Chairs before her and set the bar very high for incoming Federal Reserve Chairman Jerome H. Powell.
"Today, unemployment is low, the economy is growing and inflation is low", Powell said.
He is the 16th President of the US Central Bank.
But how did Powell come to be nominated by President Donald Trump in the first place? His nomination was approved by the Senate earlier this month for a four-year term as chairman that will end in February 2022. "Me and my colleagues will remain vigilant and ready to respond to the developing risks", added he.
One of the worries from the market is that the Fed, under Powell, will accelerate its interest rate hikes, undermining the momentum of a bullish market.
Erdogan, Pope oppose Trump over Jerusalem
The Pope later hosted Chaldean Church leadership including Patriarch Sako. "I don't speak to people who support terrorism". According to a Turkish press release , the pair will discuss a various topics focusing on the status of Jerusalem .
USA could ban imports of Venezuelan crude oil
Secretary of State Rex Tillerson suggested again the USA could take action against Venezuela's oil industry. Cuban officials referred to Tillerson's comments as arrogant and dismissive.
Manchester United legend Wayne Rooney
Van Nistelrooy's last season at Old Trafford was tarnished by fights with fellow players and even Sir Alex Ferguson. Another one or two players coming in this summer, and I don't think they are that far away.
Powell succeeds Janet Yellen, the first woman to lead the nation's central bank in its 100-year history.
Yellen, who leaves her post on Saturday and will be replaced on Monday by Jerome Powell, made the comments in an interview with PBS television before the Dow closed down more than 650 points, its biggest drop since June 2016.
Another challenge is from Yellen's final regulation act. Her final act at the agency, imposing a consent order on Wells Fargo for its phony-accounts scandal, dealt a huge blow to the bank. I am also pleased to report that our financial system is now far stronger and more resilient than it was before the financial crisis that began about a decade ago.
With the economy improving steadily, the Fed will likely raise rates three times in 2018, as projected under Yellen. He graduated in politics from Princeton and in law by Georgetown.
He also also held assistant secretary and undersecretary roles at the Treasury Department, and served as a lawyer and an investment banker in New York City.
Scary hit knocks Patriots WR out of Super Bowl
The Patriots star received a pass from Tom Brady before Jenkins flattened him with a scary hit that Cooks didn't see coming. New England Patriots and former New Orleans Saints wide receiver Brandin Cooks will miss the second half of Super Bowl 52.
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Hot tea linked to esophageal cancer in smokers, drinkers
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Ryan Shazier Is Walking
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Watch Falcon Heavy rocket launch from Florida online today
The live video feed of the ship cut out before the core approached; SpaceX has yet to confirm if the core successfully landed. On Monday, Musk said the auto would be outfitted with three cameras that should be able to beam back "some epic views".
OnePlus 5T in Lava Red Hits US Tomorrow for $559
OnePlus 5T Lava Red edition launched in India and China last month at the same price is now coming across oceans. The company says that its new Lava Red color is achieved using a special multi-step finishing process.
Tom Brady's family roots run deep, strong in Minnesota
He has two younger children, eight-year-old Benjamin and five-year-old Vivian, with his Brazilian supermodel wife Gisele Bündchen. A month later, Victoria drew gasps for kissing Harper on the lips, in an Instagram photo that some felt was inappropriate.