Jerome Powell remains interim Fed chair during Kevin Warsh transition
NewsBytes | May 16, 2026 7:39 AM CST
Fed board keeps Powell temporarily 5-1
The Fed's board voted five-to-one to keep Powell in charge temporarily, though not everyone was on board.
Governor Stephen Miran voted no, and Vice Chair Michelle Bowman abstained, both saying they'd prefer this arrangement only last a week and no more than a month.
If Warsh takes longer to step in, they want another board vote or presidential action to keep things fair.
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