U.S. Senate Republican leader says he will probably support Powell's Fed nomination


Reuters | Washington DC | Updated: 07-12-2021 06:12 IST | Created: 07-12-2021 06:12 IST
U.S. Senate Republican leader says he will probably support Powell's Fed nomination
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U.S. Senate Republican leader Mitch McConnell said on Monday he would probably end up supporting Federal Reserve Chair Jerome Powell's nomination for a second four-year term.

Speaking at a Wall Street Journal event, McConnell said: "We don't have a president who is likely to nominate somebody for the Fed that would be my first choice and I'm probably going to end up supporting Powell."

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