APRIL 16, 2026 AT 09:05 AM
WSJ Fedwatcher Timiraos notes that the underlying legal question of what happens when a Fed chair's term expires without a confirmed successor remains unsettled
Importance
Level 1
- The Trump administration has signalled that if no Fed chair successor is confirmed by 15th May, Powell should not continue in the role
- Treasury Secretary Bessent said several officials could serve as interim leader as alternatives, pointing to Vice Chair Jefferson and Governor Waller