The Senate is expected to vote next week on Stanley Fischer's nomination for vice chairman of the Federal Reserve, securing his spot ahead of the May recess. Locking in Fischer is a key step in replenishing the Fed's governing body, which has an unusual number of vacancies at a sensitive time, as the central bank faces several critical measures for U.S. monetary policy. The Senate is likely to hold an initial vote on Tuesday to proceed to consider the nomination, setting up action for a final confirmation the following day, according to a Senate Democratic aide. But it appeared unlikely that the Senate would act next week on two other pending Fed nominees: U.S. Treasury official Lael Brainard, 52, and current Fed Governor Jerome Powell, who has been nominated to serve another term.
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