Powell exits as Fed chair; Warsh awaits swearing-in (opens in new tab)

Jerome Powell stepped down Friday as chair of the Federal Reserve, ending eight years leading the U.S. central bank as Kevin Warsh, President Trump’s choice, prepared to succeed him. The Wall Street Journal reported that the Fed said Powell would remain acting leader until Warsh, confirmed by the Senate this week to a four-year term, is sworn in. PBS, CBS News and The New York Times reviewed Powell’s crisis-era record and examined questions about the policy direction Warsh might pursue.Highli...