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Story summary
- Federal Reserve Chair Jay Powell will remain as chair pro tem if the Senate does not confirm Kevin Warsh by mid-May.
- Powell said he will not leave the Federal Reserve Board until the Justice Department completes its criminal inquiry against him.
- The Warsh confirmation process has faced significant delays, and Powell's remarks come amid pressure from U.S. President Donald Trump who criticizes him for not lowering interest rates more aggressively.
