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Jerome Powell ends term as Fed Chair, Kevin Warsh to succeed
Posted
May 15, 2026
Views
29,868
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May 15, 2026
29,868
495
179
2.26%
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12:49Now PlayingEconomic strategist Dan Varroney joins LiveNOW's Anna Marsick to discuss the transition at the Federal Reserve as Jerome Powell's official tenure ended Friday. President Donald Trump's pick Kevin Warsh was confirmed by the Senate this week but has yet to be sworn in.
"As Chair Jerome H. Powell's term as chair concludes, and with the swearing in of Kevin M. Warsh as his successor pending, the Federal Reserve Board on Friday named Powell as chair pro tempore," the Federal Reserve said Friday in a post on X. "This temporary action to name the incumbent as chair pro tempore is consistent with past practice during similar transitions between chairs. Powell will serve as chair pro tempore until Warsh is sworn in as the new chair."
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