Politics, Prices, and Personnel—What Kevin Warsh May Inherit at the Federal Reserve

Powell confirmed this week that he will stay in his seat on the Fed board for a little longer.

Kevin Warsh, President Donald Trump's nominee for Chair of the Federal Reserve, delivers an opening statement during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building in Washington on April 21, 2026. Andrew Harnik/Getty Images

News Analysis

If confirmed in a full Senate vote, incoming Federal Reserve chair Kevin Warsh will likely be met with inflation threats, the Iran war, and political pressure. His first policy meeting as chair would be held in June.

GDP, Inflation, and Jobs

Outgoing chair Jerome Powell told reporters on April 29 that the U.S. economy is “quite resilient.”