Published Apr 30, 2026, 2:33 PM ET · Updated 6 months ago · 1 source

Unorthodox leadership change at the Fed: Warsh on deck while Powell remains

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Original Report

WASHINGTON (AP) — President Trump’s pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring “regime change” to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House’s attacks. For the first time in almost five decades, there will be a former chair on the central bank’s board, potentially creating an alternate center of power. And on Wednesday multiple officials dissented from the Fed’s statement, a sign they won’t easily roll