Will Powell Stay or Will He Go?
Wednesday could be one of the most consequential days in the Federal Reserve’s recent history. Jerome Powell will hold his final press conference as chairman. The Senate Banking Committee is expected to vote on Kevin Warsh’s nomination to replace him. And the Supreme Court is scheduled to be in session and issuing opinions—meaning the long-awaited decision in Trump v. Cook , argued back in January, could land the same day.
The Wall Street Journal ‘s Nick Timiraos, who understands the inner workings of the Fed better than any journalist in Washington, laid out the stay-or-go dilemma over the weekend. Powell set a…
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