[Waller will officially take office after completing the relevant White House signing procedures, Powell is expected to remain as a Federal Reserve Governor] Odaily Planet Daily News: The U.S. Senate has confirmed Waller as the Federal Reserve Chair with a vote of 54 to 45. Previously, on the 12th, the Senate approved Waller's appointment as a Federal Reserve Governor for a 14-year term. With the Chair appointment passing on the 13th, Waller will officially take office after completing the relevant White House signing procedures, succeeding the current Chair Powell, whose term ends this Friday (May 15). However, Powell is expected to remain as a Federal Reserve Governor. This vote marks one of the most politically divided in history: only one Democrat—Pennsylvania Senator John Fetterman—joined the Republican majority in voting in favor. (Jin10)