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Powell has said he will remain chair pro tem if a successor is not confirmed by May 15.
Donald Trump threatened to fire Federal Reserve Chair Jerome Powell if Powell does not leave when his term expires, while prediction-market odds favored no rate cuts in 2026. The article also reports hurdles to nominee Kevin Warsh’s confirmation and details of his financial disclosure.
Senator who has refused to vote for a Fed nominee until the Justice Department drops its probe into Powell
Tillis's version of this story ↗Trump’s Federal Reserve chair nominee whose confirmation and financial disclosure are discussed
Warsh's version of this story ↗President whose threat to fire Powell is a central subject
Trump's version of this story ↗Treasury secretary who commented on the Fed’s wait-and-see approach and later walked back his remarks
Right-leaning outlets like The Gateway Pundit focus on the DOJ investigation into Fed headquarters construction, framing Powell as "stonewalling" prosecutors. In contrast, left-leaning sources such as RawStory describe the move as a "vendetta" and highlight Powell’s commitment to protecting the central bank's independence from political interference.
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