multi source·4h ago·5 sources analyzed
Powell reflects on tenure as Fed chair amid Warsh nomination
Jerome Powell described his leadership at the Federal Reserve as a 'privilege' during his final press conference. The Senate Banking Committee has advanced Kevin Warsh's nomination to succeed him. (sources: nbcnews, aljazeera, cbsnews, pbs, thehill)
Image: cbsnews
ModernAction Briefing
Jerome Powell held his last press conference as Federal Reserve chair, expressing gratitude for his role. The Senate Banking Committee approved Kevin Warsh's nomination to take over as chair.
- Jerome Powell stated his time as Fed chair was a 'privilege' during his last press conference.
- The Senate Banking Committee advanced Kevin Warsh's nomination to succeed Powell on a party-line vote.
- Warsh's nomination is now set for a vote by the full Senate.
Why it matters
The transition in leadership at the Federal Reserve could influence future monetary policy and economic decisions.
No specific legislation identified for action yet.
Top coverage · 5 sources
nbcnewsJerome Powell calls his time as Fed chair a 'privilege' during last press conferencealjazeeraSenate panel advances Kevin Warsh’s nomination for US Fed chaircbsnewsSenate committee set to vote on Kevin Warsh's nomination for Fed chairpbsWATCH LIVE: Senate Banking Committee votes on Kevin Warsh's nomination for Federal Reserve chair