Event Overview
Powell could remain at the Fed despite looming end of chair term
Federal Reserve Chair Jerome Powell's term is set to expire on May 15, 2026, but he may remain at the Fed in a different capacity despite the nomination of Kevin Warsh as his potential successor. The Senate Banking Committee has advanced Warsh's nomination, which is expected to be approved by the full Senate. Powell has faced criticism from President Trump regarding interest rates, but the future of his role remains uncertain as he contemplates his next steps (CNN, PBS NewsHour).
The nomination of Kevin Warsh to replace Powell could significantly influence Federal Reserve policies, particularly regarding interest rates, which are a key concern for the Trump administration (PBS NewsHour, CNN).
Powell could remain at the Fed despite looming end of chair term
Fox News chief congressional correspondent Chad Pergram reports on the Department of Justice closing its investigation into Federal Reserve Chair Jerome Powell on ‘Special Report.’ Federal Reserve Chair Jerome Powell is set to deliver what is expected to be his final news conference as head of the Fed on Wednesday.
WATCH LIVE: Senate Banking Committee votes on Kevin Warsh's nomination for Federal Reserve chair
Christopher Rugaber, Associated Press Christopher Rugaber, Associated Press WASHINGTON (AP) — The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a long-time target of President Trump's insults for not cutting borrowing.
Will Jerome Powell stick around at the Fed? Here’s what insiders told us
Federal Reserve Chair Jerome Powell is no stranger to tough decisions, but now he faces one of his toughest and most personal calls yet: Leave the stage or stick around in a supporting role once his replacement takes the helm of the US central bank. Powell’s term as Fed chair expires on May 15, but his separate term.
New Fed chair, same reality: Imminent rate cuts are unlikely, even if Warsh takes the helm
Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, is now firmly on track to assume one of the most powerful positions in the global economy — and could advance an agenda that aligns with Trump’s desire for lower rates. Still, even with Warsh at the helm, it won’t be easy to push interest rates.
Kevin Warsh set to clear key Senate hurdle to replace Fed chair Powell
A Senate committee advances Trump’s pick as doubts linger over the Fed’s independence and Powell’s future Sign up for the Breaking News US newsletter email Kevin Warsh, Donald Trump’s pick to lead the Federal Reserve , clears a key procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in.