Pretty Vacant: The End of Powell’s Term Is Three Weeks Away
It is not clear who will run the Fed after the expiration of Powell’s term if the Senate has not confirmed Kevin Warsh.
As we explained yesterday, Senator Thom Tillis, the Republican of North Carolina, is sticking to his script about holding back Warsh’s confirmation so long as U.S. Attorney Jeanine Pirro’s investigation of the Fed continues. And Pirro says she’s not dropping the investigation. So, the end of Powell’s term without a confirmed successor is looking more and more like a real possibility.
Time is running out. Powell’s term as governor expires on May 15, just 22 days from…
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