Story perspectives

Powell Stays, Trump Loses Fed Majority as Warsh Advances

4/30/2026

Summary

Story summary

Jerome Powell remains on the Federal Reserve Board, denying U.S. President Donald Trump a board majority.
A court dismissed Pirro’s subpoena to Powell, ending the criminal aspect of the renovation probe.
Pirro sent the probe to the Federal Reserve’s inspector general, clearing a political obstacle for Kevin Warsh’s confirmation.
The Senate Banking Committee moved Warsh’s nomination to the full Senate floor, bringing him closer to replacing Powell as chair.

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Story summary

Jerome Powell remains on the Federal Reserve Board, denying U.S. President Donald Trump a board majority.
A court dismissed Pirro’s subpoena to Powell, ending the criminal aspect of the renovation probe.
Pirro sent the probe to the Federal Reserve’s inspector general, clearing a political obstacle for Kevin Warsh’s confirmation.
The Senate Banking Committee moved Warsh’s nomination to the full Senate floor, bringing him closer to replacing Powell as chair.