Powell's continued Fed governorship should be transitional, Miran says
Updated
Updated · Reuters · May 8
Powell's continued Fed governorship should be transitional, Miran says
8 articles · Updated · Reuters · May 8
Speaking on Fox Business, Miran said Powell should stay only briefly after his chair term ends on May 15, as Kevin Warsh awaits Senate confirmation to succeed him.
Miran said a prolonged overlap could create uncertainty over who is in charge and risk divided loyalties inside the Federal Reserve during the leadership handover.
Powell said last week he may remain on the board, where his term runs until 2028, while awaiting the outcome of Trump administration legal attacks on the central bank.
Will a former chair's vote on the board empower the new Fed leader's agenda or paralyze it?
Can the Fed's new leadership navigate mounting economic pressures while safeguarding its institutional independence?
How will the new Fed's 'aggressive' strategy affect a paradoxical economy with record-low consumer sentiment?