Federal Reserve chair Jerome Powell was confirmed to a second term on Thursday, putting him in charge of the central bank for another four years as it grapples with the highest inflation in decades and with financial markets in tumult.
The big picture: Powell received bipartisan support, with the Senate voting 80-19 in favor of confirmation. He faces the challenge of withdrawing the Fed's extraordinary pandemic stimulus implemented in his first term rapidly enough to contain inflation without tanking the economy.
