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On April 29, the nomination of Wosch as Federal Reserve Chair will be put to a full vote in the Senate.

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ME News, April 28 (UTC+8): Last Sunday, after the U.S. Department of Justice concluded its investigation into Powell, Republican Senator Thom Tillis dropped his obstruction of the nomination confirmation process for Wosch as chair of the Federal Reserve. The Senate Banking Committee ultimately voted 13 to 11 in favor of submitting Kevin Wosch’s nomination to the full Senate for a vote. According to the official website of the U.S. Senate Banking Committee, the vote is scheduled for 10:00 a.m. Eastern Time on April 29. On the same day, the U.S. Federal Open Market Committee will also release its latest interest rate decision. After the meeting, incumbent Chair Powell will preside over the 63rd news conference he has held since taking charge of the Federal Reserve over the past eight years—and it may also be his last. Powell’s term as chair of the Fed will expire on May 15, but his term as a member of the Board of Governors runs until January 31, 2028, and whether he will also step down from the Fed Board of Governors has become a focus for the market. (Source: ODAILY)
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