WASHINGTON—The Senate Banking Committee voted Tuesday to advance the nomination of Federal Reserve governor Jerome Powell to be the next chairman of the U.S. central bank. All but one of the panel’s Democrats—Sen. Elizabeth Warren (D., Mass. )—joined Republicans to approve Mr. Powell’s nomination by a 22-1 vote, suggesting he could face an easy confirmation when his nomination advances to the Senate floor for a full vote.

Source: Wall Street Journal December 05, 2017 15:41 UTC