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The US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve air max 97 undefeated pas cher , putting President Donald Trump's pick in a role of enormous influence in the world's largest economy.

　　Current Federal Reserve Chair Janet Yellen (left) and Federal Reserve Governor Jerome Powell (right), Yellen's successor.

Powell, a current Fed governor, was confirmed by a vote of 85-12, paving the way for him to replace current Chair Janet Yellen when she steps down next month.


In choosing to replace Yellen, Trump dismantled another piece of his predecessor Barack Obama's legacy acheter nike air max 97 undefeated , making Trump the first US president in nearly 40 years not to reappoint the incumbent Fed chair.


Analysts say Powell's appointment offered Trump the chance both to remove an Obama appointee, while also signaling to markets that he favoured continuity with the slow and deliberate rate increases that had won Yellen plaudits at the end of her term.


In addition to being a Democrat and the first female chief of the US central bank, Yellen was also a defender of the regulations enacted following the financial crisis - putting her at odds with the current White House's deregulation agenda.


Powell, 64, had already been through the Senate confirmation process before becoming a Fed governor in 2012. Since then, he has never dissented from any of the central bank's monetary decisions.


During a drawn out search process acheter air max 97 undefeated , Powell emerged as a centrist, consensus candidate - a Republican unlikely to raise rates too quickly but amenable to loosening financial regulations in ways long sought by Wall Street.


In promoting Powell to the Fed leadership, Trump takes another step toward remolding the central bank in his image, with four vacancies on the Fed's board of governors yet to be filled.


In November, Trump also nominated university professor and conservative economist Marvin Goodfriend to fill one of the vacancies.


Goodfriend appeared on Tuesday for Senate confirmation hearings, where lawmakers grilled him about predictions - which were never borne out - that Fed stimulus following the 2008 financial meltdown would drive up inflation without aiding the economic recovery.


Yellen has led the central bank since 2014 and will relinquish the leadership post just as the US economic recovery is cresting Nike Air Max 270 Flyknit Homme Triple Black Soldes , having overseen falling unemployment, robust growth and low inflation - conditions that have won her praise from many, including Trump.


Agencies


KUALA LUMPUR, Jan. 23 (Xinhua) -- Seabed Constructor, the vesselused by U.S. firm Ocean Infinity to locate the missing MH370aircraft, has arrived at the search area and begun the searchoperation Nike Air Max 270 Flyknit Oreo Noir Blanche Homme Pas Cher , said Malaysia's Department of Civil Aviation onTuesday.


It said Ocean Infinity began its operation by launching thefirst autonomous underwater vehicle (AUV) at 02:55 Malaysia time(1855 GMT) on Monday.


Seabed Constructor brought with it eight such AUVs packed withsensors, detectors and cameras. Ocean Infinity said they arecapable to comb some 1,200 square km per day, much faster thanprevious search efforts, which means they will finish the whole25,000 square km search area within three or four weeks.


The Malaysian government signed a deal with Ocean Infinityearlier this month Nike Air Max 270 Be True Homme Multicolor Pas Cher , which grants the U.S. firm 90 days to locatethe missing aircraft on a "no cure, no fee" basis. If the wreckageor the black box were found, Malaysia will pay the firm up to 70million U.S. dollars, subject to the size of the actual searcharea.


MH370, carrying 239 on board, went missing en route from KualaLumpur to Beijing on March 8 Acheter Nike Air Max 270 Blanche Noir , 2014. Enditem


OSLO, Sept. 15 (Xinhua) -- Iceland's center-right government that has been in power for just eight months was disbanded Friday as one of its three coalition partners decided to quit due to a "breach of trust" between the party and the prime minister, local media reported.


Leaders of Bright Future, a junior partner party in the government, have ended their coalition with the Independence Party and its Prime Minister Bjarni Benediktsson, according to the online newspaper Iceland Monitor.


The Reform Party Acheter Nike Air Max 270 Flyknit Marron Argent , another junior partner, has called for new elections as soon as possible, the newspaper said.


It was revealed on Thursday that Benediktsson's father signed a letter of recommendation so that a convicted pedophile would receive what in Iceland is called "restored honor," which effectively wipes the criminal record of a person who has served his or her sentence.


Letters of recommendation are required for this procedure.


Minister of Justice Sigridur Andersen, also from the Independence Party, said Thursday night that she had informed Benediktsson of his father's letter in July Homme Nike Air Max 270 Noir Or Soldes , Icelandic public broadcaster RUV reported.


But Benediktsson neglected to inform Bright Future and Reform Party leaders of the letter until last Monday, according to RUV.


After the October 2016 election, the Independence Party took a strong lead by securing 21 out of the 63 seats in parliament after winning 29 percent of the ballots cast. Together, the three-party coalition holds a slim majority with 32 seats.


The center-right coalition government took office in January after lengthy negotiations.


1st direct freight train service linking E China, Duisburg launched


London subway station blast being treated as terrorist incident


Super typhoon Talim brings gale and heavy rainfall, causing billows in E China


Visitors tour 14th China-ASEAN Expo in Nanning


Special snacks displayed during 14th China-ASEAN Expo


Scenery of paddy fields in Baicheng Nike Air VaporMax 2.0 Homme Blanche Soldes , NE China's Jilin


China Focus: World's oldest panda dies aged 37


Scenery of terraced fields at Wuyishan in SE China's Fujian


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