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January 24, 2018

Senate Confirms Multimillionaire Banker Jerome Powell
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The Senate has confirmed multimillionaire banker Jerome Powell to
replace Federal Reserve Chairwoman Janet Yellen. Powell is a former
partner at the massive investment firm Carlyle Group, which is a major
investor in military contractors, as well as telecommunications, fossil
fuel companies, financial services and other industries. His
confirmation marks the first time in 40 years that someone who is not an
economist is leading the Federal Reserve.


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