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Powell Has No Information On Renomination

FED

Q: What would you say to President and Senators re your renomination? Have you discussed stock purchases by regional Fed presidents with them?

  • A: "I don't have any information on the renomination process at all."
  • I have briefed admin officials and on Capitol Hill in detail about what we did and why we did it, and seeking their feedback. Congress has oversight over the Fed. I don't talk about particular conversations.

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