NPR Business4/29/2026BusinessUnited States
Fed Poised to Keep Rates Steady as Powell's Chairmanship Nears End; Kevin Warsh Confirmation Advances
Senate Banking Committee backs Trump's Fed nominee as Jerome Powell prepares for likely final policy meeting
Quick Look
- The Federal Reserve is expected to hold interest rates steady at Wednesday's meeting, likely marking Jerome Powell's last policy meeting as chairman.
- The Senate Banking Committee voted 13-11 along party lines to endorse Kevin Warsh as Powell's replacement, setting up a full Senate confirmation vote before Powell's term expires next month.
- The confirmation was cleared after Senator Thom Tillis dropped his blockade following DOJ's decision to drop its investigation of the Fed.
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The Federal Reserve is expected to hold interest rates steady at Wednesday's meeting, likely marking Jerome Powell's last policy meeting as chairman. The Senate Banking Committee voted 13-11 along party lines to endorse Kevin Warsh as Powell's replacement, setting up a full Senate confirmation vote before Powell's term expires next month. The confirmation was cleared after Senator Thom Tillis dropped his blockade following DOJ's decision to drop its investigation of the Fed.
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This article was originally published by NPR Business.
