Key Metrics
7.87
Heat Index-
Impact LevelMedium
-
Scope LevelNational
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Last Update2026-03-18
Key Impacts
Positive Impacts (2)
Negative Impacts (10)
Event Overview
The situation highlights the continuity and stability of leadership within the Federal Reserve, emphasizing the importance of a smooth transition in central banking. It also underscores the ongoing scrutiny and regulatory oversight faced by key financial figures.
Collect Records
Powell Will Serve as Interim Chair if No New Fed Chair is Confirmed Before His Term Ends
Jerome Powell stated that he will serve as the interim chair of the Federal Reserve if a new chair is not confirmed before his term ends. He also mentioned that he will not leave the committee until the Department of Justice's investigation concludes, but he has not decided whether he will remain after the investigation is completed.
Trump Nominates Kevin Warsh as Next Federal Reserve Chair
U.S. President Donald Trump has nominated Kevin Warsh to be the next chair of the Federal Reserve. If confirmed by the Senate, Warsh will replace the current chair, Jerome Powell.