The Latest on the Senate confirmation hearing of Jerome Powell, President Donald Trump's nominee for Federal Reserve chairman (all times local):———12:10 p.m. ———11:30 a.m.Jerome Powell says the 2010 Dodd-Frank financial overhaul law achieved its major goal of making the financial system stronger. ———11:05 a.m.Jerome Powell strongly signaled at his confirmation hearing that the Federal Reserve will raise interest rates at its meeting next month. ———10:45 a.m.Jerome Powell says he is "strongly committed" to an independent central bank. In his prepared testimony, Powell is casting himself as a figure of stability and continuity, praising both Yellen and former Fed Chairman Ben Bernanke.

Source: ABC News November 28, 2017 15:08 UTC