January 11, 2018 / 5:07 PM / a year ago

Senate panel to vote January 17 on Powell nomination for Fed chief

FILE PHOTO: Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017. REUTERS/Joshua Roberts

WASHINGTON (Reuters) - The U.S. Senate Banking Committee will hold a second vote on Jan 17 over the Trump administration’s nomination of Fed Governor Jerome Powell to lead the Federal Reserve, the committee’s calendar showed on Thursday.

The committee already backed Powell to head the U.S. central bank in a Dec 5 vote, but a second vote is required because the full Senate failed to approve Powell before the end of 2017.

If the panel backs Powell again as expected, his nomination will be sent back to the Senate floor for final approval.

Reporting by Jason LangeEditing by Chizu Nomiyama

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