Powell will remain at the Fed for now, setting up potential clash with Trump

Powell will remain at the Fed for now, setting up potential clash with Trump

Trump selected Kevin Warsh as Powell's successor

President Donald Trump speaks to Federal Reserve Chairman Jerome Powell during a tour of the Federal Reserve construction site in Washington, D.C., on July 24, 2025. (Daniel Torok/Official White House Photo)

Federal Reserve Chairman Jerome Powell says he will stay on at the central bank after May 15. (Jacquelyn Martin/AP Photo)

President Donald Trump tapped Jerome Powell to lead the Federal Reserve in 2017. (Al Drago/Bloomberg/Getty Images)

Kevin Warsh is a former Morgan Stanley banker and became the youngest member of the Fed’s Board of Governors in 2006. (Andrew Harnik/Getty Images)

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