Trump nominees push for a finite Powell chair tenure at the Fed

Two Trump-nominated Fed officials object to keeping Powell as chair pro tempore for an unlimited duration, arguing the designation should be finite; Powell will remain chair until Kevin Warsh is sworn in after his Senate confirmation, marking a transitional, time-limited leadership. Miran voted against the designation and Bowman abstained; Warsh could be sworn in as soon as next week following a 54-45 Senate vote. The episode underscores tensions over Fed independence amid partisan pressure and continuing debate over the path of monetary policy and rate cuts.