"If my successor is not confirmed by the end of my term as chair, I would serve as chair until he is confirmed. That is what the law calls for."

Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated successor, Kevin Warsh, is not confirmed by the time his term is up in…

"If my successor is not confirmed by the end of my term as chair, I would serve as chair until he is confirmed. That is what the law calls for."

Powell has accused the DOJ of investigating him in retaliation for his refusal to lower interest rates as much or as quickly as Trump has demanded.

Donald Trumps Plan für die amerikanische Notenbank stockt: Jerome Powell bleibt Fed-Chef, bis der Senat entscheidet. Trumps Wunschkandidat Kevin Warsh trifft auf Widerstand im…