The US government is caught in a standoff with the Federal Reserve over its next leader, Jerome Powell. President Trump wants Powell out, but if he can’t be confirmed before May, what happens to the new choice? Last week, Powell said he plans to stay on as Fed chief, citing the law and past precedent.
Source: https://www.bloomberg.com/news/articles/2026-03-23/fed-law-leaves-gray-area-on-chair-vacancy-as-powell-makes-his-case