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Powell named Fed temporary chair until Warsh sworn in amid fight over Fed independence

Powell named Fed temporary chair until Warsh sworn in amid fight over Fed independence

The US Federal Reserve board has appointed Jerome Powell as temporary chair until successor Kevin Warsh is sworn in, following Warsh’s Senate confirmation this week. Powell’s term ended Friday, and the Fed says the move follows past transition practice, though it has not set a swearing-in date. The decision drew dissent from Trump nominees Stephen Miran and Michelle Bowman, who argued the interim role must be time-limited. Warsh, a former inflation “hawk,” now aligns with lower-rate pressure.

Summarised by Beize from a story on The Economic Times on 16 May 2026
Trump picks Kevin Warsh to lead the Fed but rate power may be far smaller than you think

Trump picks Kevin Warsh to lead the Fed but rate power may be far smaller than you think

Kevin Warsh is set to become the next chair of the US Federal Reserve, but his direct sway over interest rates could be limited. Rate targets are decided by the 12-member Federal Open Market Committee, where Warsh would cast only one vote. In practice, the chair’s influence depends on consensus building and persuasion, which is why markets are watching every Fed statement for policy signals.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Trump calls Fed Chair Powell a disaster as mortgage rates stay above 6.5 percent

Trump calls Fed Chair Powell a disaster as mortgage rates stay above 6.5 percent

Donald Trump sharply criticized Fed Chair Jerome Powell, calling him a “disaster” as US mortgage rates remain above 6.5% and fluctuate frequently. The pressure comes amid stubborn inflation, global conflict, and signs of economic slowdown, while market expectations can shift even when the Fed isn’t meeting. Home buyers are watching closely, often delaying decisions.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Trump nominates Kevin Warsh to lead the Fed — markets worldwide may feel the shift soon

Trump nominates Kevin Warsh to lead the Fed — markets worldwide may feel the shift soon

The US Federal Reserve is heading for a key leadership change as Donald Trump nominates Kevin Warsh to replace Jerome Powell when his term ends May 15, pending Senate approval. The decision could reverberate through global markets by reshaping expectations for interest rates and monetary policy—raising urgent questions about how independent the Fed will be under Warsh.

Summarised by Beize from a story on The Economic Times on 3 May 2026
Powell signals he will stay on the Fed even after stepping down as chair

Powell signals he will stay on the Fed even after stepping down as chair

Federal Reserve Chair Jerome Powell says he plans to remain on the Fed’s Board of Governors after his chair term ends in May. The decision lands as the central bank faces intensifying political scrutiny, raising fresh questions about how leadership continuity could affect the Fed’s perceived independence and market expectations.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Powell says he will stay on Fed board after chair term and warns Trump legal attacks threaten independence

Powell says he will stay on Fed board after chair term and warns Trump legal attacks threaten independence

Jerome Powell said he plans to remain on the Federal Reserve’s board after his chair term ends next month, for a period to be determined. He warned that what he called “unprecedented” legal attacks by the Trump administration could undermine the Fed’s independence, and suggested the move limits Trump’s ability to appoint a new governor.

Summarised by Beize from a story on Republic on 30 Apr 2026

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Powell warns Fed must stay political proof as he backs successor Kevin Warsh

Powell warns Fed must stay political proof as he backs successor Kevin Warsh

Federal Reserve Chair Jerome Powell stressed that the Fed must remain independent and insulated from political pressure to best serve the American people. Ahead of the leadership transition, he also congratulated Kevin Warsh as he advanced through the Senate Banking Committee, signaling confidence in the successor’s path toward taking the helm.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Fed rate decision today leaves markets guessing as inflation and Iran war collide

Fed rate decision today leaves markets guessing as inflation and Iran war collide

The Federal Reserve is set to announce its latest interest rate decision, with most economists expecting rates to stay within 3.5% to 3.75%. The hold comes as inflation pressures persist, worsened by the ongoing Iran war. Meanwhile, the labor market is sending mixed signals, and the decision also marks Jerome Powell’s final meeting as Fed chair.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
US stocks mixed as investors brace for Big Tech earnings and a potential Fed Powell finale

US stocks mixed as investors brace for Big Tech earnings and a potential Fed Powell finale

US markets opened mixed as investors took a cautious stance ahead of major Big Tech earnings and the Federal Reserve’s upcoming decision. With Chair Jerome Powell’s meeting possibly his last, traders are watching every signal for direction. The Dow edged higher, while the S&P 500 and Nasdaq slipped slightly at the start of trading.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
FOMC meets today as Powell delivers a final message and markets watch for any shift in guidance

FOMC meets today as Powell delivers a final message and markets watch for any shift in guidance

The FOMC meeting and Jerome Powell’s 2:30 PM speech are set to shape US Fed expectations, with markets already pricing a 100% likelihood of a rate hold. Inflation is still near 3.3%, oil remains elevated, and job data is uneven—keeping the stance cautious. Even without a cut, Powell’s tone and forward guidance could quickly shift rate expectations.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026

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Powell’s final Fed meeting looms as rates likely stay put amid political pressure

Powell’s final Fed meeting looms as rates likely stay put amid political pressure

The US Federal Reserve is widely expected to keep interest rates unchanged after its latest meeting, potentially marking the final policy decision led by Jerome Powell. With political and economic strains rising, investors will closely parse the Fed’s tone for any shift in guidance, signaling whether the next era of leadership could move away from the current path.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Fed set to hold rates steady as Powell faces possible final meeting

Fed set to hold rates steady as Powell faces possible final meeting

Federal Reserve policymakers meet in Washington this week, with it potentially becoming Jerome Powell’s final meeting as Fed chair. Despite uncertainty tied to elevated energy prices and an Iran war that shows no clear end, policymakers are expected to hold interest rates steady, shaping markets ahead of Powell’s next moves and possible leadership transition.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
DOJ ends Powell probe and Tillis advances Warsh Fed chair pick

DOJ ends Powell probe and Tillis advances Warsh Fed chair pick

Senator Thom Tillis has cleared the way for Kevin Warsh’s nomination to become Federal Reserve chair after the DOJ ended its probe into current chair Jerome Powell. With Warsh’s confirmation process now moving forward, the Senate could vote before Powell’s term ends, ending months of uncertainty about the Fed’s top leadership.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Justice Department drops criminal probe into Jerome Powell leaving taxpayers scrutiny to IG

Justice Department drops criminal probe into Jerome Powell leaving taxpayers scrutiny to IG

The US Justice Department has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, a move that reduces friction between the White House and the Fed. The decision, confirmed by DC’s top US attorney, shifts attention to the Fed’s Inspector General, now tasked with examining alleged multi-billion-dollar building cost overruns that taxpayers ultimately funded.

Summarised by Beize from a story on Republic on 24 Apr 2026

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Justice Department closes Powell probe clearing path for Warsh Fed nomination fast vote

Justice Department closes Powell probe clearing path for Warsh Fed nomination fast vote

The US Justice Department has ended its criminal probe of Federal Reserve chair Jerome Powell, finding no evidence of criminal conduct tied to the Fed’s building renovations. With subpoenas already dismissed by a judge, the ruling removes a key hurdle for President Trump’s nominee Kevin Warsh, potentially paving the way for a quicker Senate confirmation vote.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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