Jerome Powell Plans to Remain Fed Chair Until Kevin Warsh Is Confirmed

Federal Reserve Chair Jerome Powell plans to remain as head of the U.S. central bank until his nominated successor, Kevin Warsh, is confirmed. Speaking to reporters at the post-meeting press conference on March 18, Powell stated that he would serve as “chair pro tem” if President Donald Trump’s pick to lead the Fed is not approved by the Senate. This follows the law, he said, and “that’s what we’ve done on several ⁠occasions, including involving me, and that’s what we’re ⁠going to do in this situation.” In addition, Powell reaffirmed that he doesn’t intend to leave the Fed’s Board of Governors “until the investigation is well and truly over with transparency and finality.”...