Federal Reserve Board names Powell chair pro tempore until Warsh sworn in
5 reported
The Federal Reserve Board announced on May 15, 2026, that it has named Jerome H. Powell as chair pro tempore. This temporary appointment follows the conclusion of Powell's term as chair and comes while the swearing in of Kevin M. Warsh as his successor is pending. The Board stated that naming the incumbent as chair pro tempore is consistent with past practice during similar transitions between chairs. Powell will serve in this temporary role until Warsh is sworn in as the new chair.
What’s reported
The Federal Reserve Board named Jerome H. Powell as chair pro tempore on May 15, 2026.
Powell's term as chair had concluded.
Kevin M. Warsh is the successor pending swearing in.
The temporary action is consistent with past practice during similar transitions.
Powell will serve as chair pro tempore until Warsh is sworn in.
Key figures
Jerome H. Powell, former chair and current chair pro tempore of the Federal Reserve Board
Kevin M. Warsh, incoming chair of the Federal Reserve Board
Sources: federalreserve.gov
