The Federal Reserve appointed Jerome Powell as chair pro tempore until Kevin Warsh officially assumes the role.
The Federal Reserve Board named Jerome H. Powell as chair pro tempore on May 15, 2026, following the conclusion of his term as chair. The appointment ensures continuity until Kevin M. Warsh is sworn in as the new chair.
This move aligns with past transitions between Fed chairs, where the outgoing chair temporarily remains in the role. Powell’s interim position will end once Warsh’s confirmation is finalized.
No immediate market reaction was reported following the announcement.