Fed Names Jerome Powell Temporary Chair as Kevin Warsh Waits to Be Sworn In

Why Did Two Board Members Push Back?

Bowman and Miran both said they support Powell holding the position temporarily, but they want a time limit attached to it. In a joint statement, the two said that with a confirmed nominee already waiting in the wings, the temporary designation should run for a defined period, at least a week and no more than a month, to account for any possible delays.