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FILE - In this Tuesday, Nov. 28, 2017, file photo, Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve, testifies during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington. On Wednesday, Jan. 17, 2018, the Senate Banking Committee voted for a second time to approve Powell to be the next chairman of the Federal Reserve. (AP Photo/Carolyn Kaster, File)
Photo by: Carolyn Kaster
FILE - In this Tuesday, Nov. 28, 2017, file photo, Jerome Powell, President Donald Trump's nominee for chairman of the Federal Reserve, testifies during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington. On Wednesday, Jan. 17, 2018, the Senate Banking Committee voted for a second time to approve Powell to be the next chairman of the Federal Reserve. (AP Photo/Carolyn Kaster, File)

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