Powell to Stay as Fed Chair Pro Tempore Until Warsh Sworn In
Jerome Powell will remain as chair of the Federal Reserve on a pro tempore basis while Kevin Warsh awaits his swearing-in as the next permanent chair. Two Fed board members objected to the designation, arguing that the pro tempore role should be capped at no more than one month. The arrangement ensures continuity of leadership during the transition period.
Key facts
- Jerome Powell is staying on as Fed chair pro tempore
- Kevin Warsh is awaiting swearing-in as permanent chair
- Two Fed board members objected to the designation
- Objectors argued pro tempore should be capped at one month
Entities
Institutions
- Federal Reserve
Sources
- Quartz —