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Benjamin Pavard France Jersey

Inläggav bears123 » mån 25 jun 2018, 07:52

The US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve Lucas Hernandez France Jersey , 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 Lucas Digne France Jersey , Trump dismantled another piece of his predecessor Barack Obama's legacy, 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 Laurent Koscielny France Jersey , 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, 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 Kylian Mbappe France Jersey , 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, having overseen falling unemployment, robust growth and low inflation - conditions that have won her praise from many Hugo Lloris France Jersey , including Trump.


Agencies


HARBIN, Jan. 23 (Xinhua) -- Heilongjiang, a province in China's Northeast rust belt, reported its fastest economic growth in four years in 2017.


The gross domestic product in Heilongjiang, one of three provinces in the Northeast traditional industrial zone Djibril Sidibe France Jersey , grew 6.4 percent to 1.62 trillion yuan (250 billion U.S. dollars) last year, the provincial statistics bureau said Tuesday.


The growth rate was 0.3 percentage points higher than a year ago, it said.


The province has been under huge downward pressure from its traditional coal, grain, oil and timber industries. It has invested heavily in the strategic new industries to explore new growth drivers.


In 2017 Corentin Tolisso France Jersey , the investment in the strategic new industries totaled 421 billion yuan, up 10.4 percent.


Jilin and Liaoning, the other two provinces in the Northeast region, are yet to release growth figures for 2017.


Jilin and Liaoning also posted signs of economic recovery in the first three quarters of last year.




LONDON, Sept. 1 (Xinhua) -- England's record goal scorer Wayne Rooney has been arrested on a drink-drive charge Blaise Matuidi France Jersey , police confirmed Friday.


The striker, who recently joined Everton after spending most of his playing career with Manchester United, was arrested at around 2am Friday local time in Wilmslow, a town south of Manchester famed as a popular residential haunt for wealthy football stars.


Cheshire Police confirmed the 31 years old player was stopped by officers in Altrincham Road, Wilmslow while he was driving a black VW Beetle car. Police later confirmed he had been charged with driving while over the prescribed alcohol limit. He was given police bail to appear before Stockport Magistrates Court later this month.


Rooney last month announced his retirement from international football Benjamin Pavard France Jersey , even though he had been told he was wanted to play in forthcoming England games. Rooney said he wanted to concentrate on playing for his home city club of Everton FC in Liverpool. It was at Everton where he made his premiership playing debut as a teenager before being signed by Manchester United.


Last week Rooney's wife Coleen Rooney confirmed the couple were expecting their fourth child. Rooney and his family live in a luxury mansion in Cheshire.


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