Back to today’s briefing

Story perspectives

Trump Aims to Replace Fed Chair Amid Investigation Delay

4/21/2026

39 7 Full Breakdown

Summary

Story summary

U.S. President Donald Trump seeks to replace Federal Reserve Chair Jerome Powell with Kevin Warsh before Powell's term ends May 15, 2025.
A Justice Department investigation into Powell's handling of Fed renovations delays Warsh's confirmation.
Senator Thom Tillis vows to block Warsh's confirmation until the investigation ends, citing Fed independence.
Powell will remain in his position until a successor is confirmed.

1 of 1

Story summary

U.S. President Donald Trump seeks to replace Federal Reserve Chair Jerome Powell with Kevin Warsh before Powell's term ends May 15, 2025.
A Justice Department investigation into Powell's handling of Fed renovations delays Warsh's confirmation.
Senator Thom Tillis vows to block Warsh's confirmation until the investigation ends, citing Fed independence.
Powell will remain in his position until a successor is confirmed.