A key Senate panel late Wednesday gave its stamp of approval to President Joe Biden's renomination of Federal Reserve Chair Jerome Powell and two other nominees to the Fed Board.
It deadlocked on a fourth, but her nomination will likely also advance to consideration by the full Senate.
Republicans on the panel refused to endorse Lisa Cook, an economics professor at Michigan State University, whom Biden picked to be the first Black female Fed governor. If all nominees are confirmed, the Fed Board will be the most diverse ever by race, with two Black governors serving at the same time. But the seven-member panel will remain one seat short of its full complement.
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