Society News

The Battle for the Fed Chair: Jerome Powell's Extended Tenure and Trump's Stalled Plans

July 11, 2026Юрий Верхотуров1 мин

President Donald Trump's intentions for the leadership of the U.S. central bank have encountered a significant roadblock. Jerome Powell will continue to serve as the Chairman of the Federal Reserve until the Senate reaches a definitive decision regarding his successor. Simultaneously, Trump's favored candidate for the high-profile position, Kevin Warsh, is reportedly facing substantial opposition during the ongoing nomination process, underscoring a deepening power struggle over the future direction and leadership of the Federal Reserve.