Cloture on the Federal Reserve nominations has been vitiated. At 10:30am tomorrow, Thursday. May 17, there will be 90 minutes for debate equally divided and controlled prior to votes on confirmation of the nominations. Each nomination is subject to a 60-vote threshold.
As a result, at approximately 12:00 noon tomorrow, the Senate will proceed to vote on confirmation of the following nominations:
– Executive Calendar #646, Jeremy C. Stein, of Massachusetts, to be a Member of the Board of Governors of the Federal Reserve System; and
– Executive Calendar #647, Jerome H. Powell, of Maryland, to be a Member of Board of Governors of the Federal Reserve System.