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Analysts said they expected the committee to cut back at its next meeting in mid-September.
Mr. Lallemand said he expected the committee to approve Mr. Ferber's recommendations on Wednesday.
He said he expected the committee to make recommendations in six to eight months.
I expected the committee to split along party lines, and the opening statements certainly did.
If economic conditions turn out better than expected, the committee might raise interest rates sooner; if worse, later.
Senator Boxer said she expected the committee to vote favorably on both nominees on Inauguration Day or shortly thereafter.
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Analysts expect the committee, presided over by Mr. Xi, to hammer out a more systematic road map for changes.
Lawmakers loyal to Mr. Sadr, however, said they did not expect the committee to change all that much.
With that provision modified, Mr. Gregg said, he expects the committee to approve the proposal next Wednesday.
"The Administration is mistaken if they expect the committee will rubber-stamp Mr. Holbrooke's nomination". The previous chief delegate to the United Nations, Bill Richardson, is now Energy Secretary.
"That undermines its credibility and influence, but I hope and expect the committee will learn the right lessons, as we move forward," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com