Powell leaves Fed chair as Kevin Warsh takes over (opens in new tab)

Jerome Powell stepped down Friday after eight years as Federal Reserve chair, handing leadership of the U.S. central bank to Kevin Warsh, President Trump's pick. Powell's tenure included repeated disputes with the White House over interest rates and Fed independence. U.S. and European outlets reported on Powell's legacy, the monetary-policy stakes of Warsh's chairmanship and market reaction to the shift.Highlights:Board role: Powell's chair term ended after two terms leading the Fed, but Euro...