Fed keeps Powell as interim chair until Warsh sworn in (opens in new tab)

The Federal Reserve Board named Jerome Powell chair pro tempore after his eight-year term as chair ended Friday, keeping him in charge until Kevin Warsh is sworn in as the new head of the U.S. central bank. The Fed said naming the outgoing chair to the temporary role was consistent with past practice during similar transitions. Warsh, President Trump’s nominee, was confirmed by the Senate this week for a four-year term and could be sworn in as early as next week, according to the Financial Ti...