Powell delivers his most definitive answer yet on how long he'll stay on as Fed chair

Federal Reserve Chair Jerome Powell said he will remain as "chair pro tem" if his successor, Kevin Warsh, is not confirmed by mid-May when Powell's term expires. The comment signals potential continuity in Fed leadership and policy stance into the near term, reducing an abrupt leadership gap but leaving outcomes dependent on the Senate confirmation timeline.

Analysis

Federal Reserve Chair Jerome Powell said he will remain as "chair pro tem" if his successor, Kevin Warsh, is not confirmed by mid-May when Powell's term expires. The comment signals potential continuity in Fed leadership and policy stance into the near term, reducing an abrupt leadership gap but leaving outcomes dependent on the Senate confirmation timeline.