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PBS News Hour

Powell says he will stay on Fed board after chair term ends

Season 2026 Episode 89 | 5m 26s

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.

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