Bessent Sounds Off on Jerome Powell: Staying at Fed 'Flies in Face of Tradition'
Federal Reserve Chair Jerome Powell announced he will remain on the Fed's Board of Governors after his term ends on May 15, 2026, breaking from longstanding tradition. Treasury Secretary Scott Bessent criticized the move as hypocritical, especially given Powell's emphasis on institutional norms. Meanwhile, President Trump's nominee to succeed Powell, Kevin Warsh, has cleared the Senate Banking Committee and is expected to be confirmed by the full Senate.
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Bessent Sounds Off on Jerome Powell: Staying at Fed 'Flies in Face of Tradition' By Bob Hoge | 9:01 PM on April 29, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. AP Photo/Ben Curtis As RedState reported earlier Wednesday, Jerome Powell delivered his final speech as Federal Reserve Chairman before his term ends on May 15. Meanwhile, Trump’s pick to replace Powell, Kevin Warsh, was approved by the Senate Banking Committee by a vote of 13-11, and the nomination now heads to the full Senate, where he is expected to be confirmed.
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