Federal Reserve names Powell as chair pro tempore until Warsh sworn in
The Federal Reserve Board has named Jerome H. Powell as chair pro tempore following the conclusion of his term as chair. Powell will serve in this temporary role until Kevin M. Warsh is sworn in as the new chair. The board announced the decision on Friday, stating the move is consistent with past practice during similar transitions between chairs. The action was taken because Warsh’s swearing-in is pending.
What’s reported
The Federal Reserve Board named Jerome H. Powell as chair pro tempore.
Powell’s term as chair had concluded.
Powell will serve as chair pro tempore until Kevin M. Warsh is sworn in as the new chair.
The temporary action is consistent with past practice during similar transitions.
Key figures
Jerome H. Powell – chair pro tempore, former chair of the Federal Reserve Board
Kevin M. Wsworth – incoming chair (swearing-in pending)
Sources: federalreserve.gov
