Powell says he will stay on as head of the Fed until Kevin Warsh is confirmed
CNBC Television
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March 18, 2026 at 10:00 PM UTC
Neutral
80% Confidence
Watch on YouTube
Key Points
- Powell will serve as 'chair pro tem' if his successor is not confirmed by the end of his term, as dictated by law.
- He intends to remain on the Fed board until an ongoing investigation is well and truly over with transparency and finality.
- He has not yet decided whether to continue serving as a governor after his term ends and the investigation is complete.
AI Summary
Jerome Powell, the Federal Reserve Chair, clarified his commitment to leadership continuity, stating he would serve as 'chair pro tem' if his successor is not confirmed by the end of his term. He also affirmed his intention to remain on the board until an ongoing investigation is concluded with transparency.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Neutral | 80% |
| Consensus | Neutral | 80% |