President Trump’s man, Kevin Warsh, is in as the new chairman of the Federal Reserve, Jerome Powell is out. The transition happened officially on Friday, May 15, 2026. Warsh was easily confirmed by the Senate first as a Fed Governor and then as the new Federal Reserve chair.
Jerome Powell ends term as Federal Reserve chief clouded by Trump tumult– thehill.com
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EXCERPT:
Jerome Powell’s stint leading the Federal Reserve is finished, but his battle with President Trump is far from over. Powell’s second four-year term as chair of the Fed board ended Friday, two days after his successor, Kevin Warsh, was confirmed by the Senate as the bank’s next chief. After leading the bank for the past…
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