No. of Recommendations: 2
President Trump vowed to fire Jerome H. Powell if he opted to stay on at the Federal Reserve after his term as chair ends, doubling down on a criminal investigation into the central bank that is threatening to delay the confirmation of Mr. Powell’s successor. Mr. Powell’s tenure as chair ends on May 15, but both the law and past precedent suggest that he can serve on a temporary basis until Mr. Trump’s pick to replace him, Kevin M. Warsh, is confirmed by the Senate. Mr. Powell can also stay on at the central bank as a governor until 2028.
