Powell pledges support for next Fed chair and consensus building

7 articles · Updated · Barron's · Apr 29

Powell, whose term as Fed chair ends May 15, said he will back Warsh, the nominee advancing to a Senate vote.
He emphasized he will not act as a "shadow chair" but aims to be a constructive participant out of respect for the office.
Powell drew on his previous six years as a Fed governor, noting the challenge of building consensus among board members.

How will a former chair's presence on the board impact the new Fed leader's authority?

The market expects five rate cuts, but the incoming Fed chair is a hawk. What happens next?

With the Fed board so divided, how can the new chair forge a consensus on interest rates?

Can the new Fed chair's 'regime change' tame inflation without causing a recession?

How can the Federal Reserve navigate external pressures to maintain its independence?

Why is the incoming Fed chair adamantly against a digital dollar for the public?