The futures file · every date somebody in power set, and what was standing there when it arrived

15 May 2026Kept

Powell's term as Fed chair ends

Ended on the statutory date; named chair pro tempore for the handover

"Powell's termination cannot come fast enough," the president posted in April of last year. Five days later he had "no intention" of firing him, "none whatsoever." In January the Justice Department opened a criminal investigation into the chair over the cost of a building renovation, and dropped it fourteen weeks later.

He served every day of his term and left on the date the statute set, with the Federal Reserve naming him chair pro tempore for the handover. Kevin Warsh was sworn in a week after that, with a term running to 2030. The only thing terminated on schedule was the sentence.

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