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● InformationalCongress / MembersEconomy

Fed's shaky leadership transition comes at tricky time

Warsh’s confirmation may not be completed before Jerome Powell’s term as Fed chair ends.

Fed's shaky leadership transition comes at tricky time
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This article1 analysis · Oct 7, 2026

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Republished from Reuters, with credit to the original publisher.

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100 stories · 94.8–95.3 · updated Oct 11, 2026

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Finance & Commercevia Reuters
Apr 16, 2026
tl;dr

Kevin Warsh’s confirmation as the next Federal Reserve chair may not be completed before Jerome Powell’s term ends May 15, as Sen. Thom Tillis says he will block the process until the Justice Department ends its investigation of Powell. The uncertainty raises questions about who would lead the Fed and comes amid inflation concerns.

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Kevin Warsh Chair of the Federal Reserve
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This story reports what happened without casting Warsh in a good or bad light, so readers don’t rate it and it doesn’t count toward Warsh’s record.

● INFORMATIONAL

People in this story

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Kevin Warsh
Chair of the Federal Reserve

President Trump’s nominee to become the next Federal Reserve chair

PRIMARY SUBJECT
Thom Tillis
R · NC · SEN

Senator whose opposition is holding up progress on Kevin Warsh’s confirmation

Tillis's version of this story ↗
Donald Trump
R · President of the United States

President whose nominee is awaiting confirmation and who has called for the investigation to continue

Tim Scott
R · SC · SEN

Senator and chair of the Senate Banking Committee

Federal Reserve chair whose term ends May 15

ALSO MENTIONED  Arthur Burns, Former Fed chief cited in an example of an earlier leadership transition; Jeanine Pirro, U.S. Attorney for the District of Columbia; Jimmy Carter, Former president cited as an example of an earlier Fed leadership transition; Lisa Cook, Federal Reserve governor whose position is referenced in connection with an earlier attempted firing; Stephen Miran, Trump’s former economic adviser, mentioned as a possible choice for an interim Fed appointment

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