Powell says he will stay on Fed board after chair term ends, addressing Trump's attacks

About this episode

Jerome Powell announces he will remain on the Federal Reserve board after his chair term ends, amidst leadership changes and political scrutiny.

The Federal Reserve is transitioning to new leadership. Kevin Warsh, Trump's pick for Fed chair, was confirmed by a Senate committee today, clearing the way for a full Senate vote. Jerome Powell said he'll step aside when his term as chair ends in May, but will remain on the board of governors until that term ends in 2028. Amna Nawaz speaks with David Wessel of the Brookings Institution for more. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

People in this episode

Host: Amna Nawaz

Guest: David Wessel

Topics covered

• Federal Reserve
• leadership transition
• Trump administration
• economic policy
• Senate confirmation

Keywords

• Jerome Powell
• Federal Reserve
• Kevin Warsh
• Trump
• Senate committee
• leadership transition
• economic policy

Mentioned in this episode

Organizations: Federal Reserve

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