Jerome Powell is likely to sail through confirmation to become the next Federal Reserve leader, even though the process of filling Fed positions has grown increasingly politicized since the days when Ben Bernanke was confirmed as chairman by a voice vote with little opposition. Mr. Powell, now a Fed governor, heads into his confirmation hearing before the Senate Banking Committee on Tuesday having garnered support from Republicans and Democrats, giving him a strong chance of approval without much drama.

Source: Wall Street Journal November 26, 2017 12:00 UTC