Countdown to May 15! Powell refuses to "hand over power" in advance, Trump threatens "immediate dismissal," Federal Reserve power transition bogged down in legal quagmire.
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The transition of the Federal Reserve chairmanship is facing a severe test.
With incumbent Chair Powell’s term expiring on May 15, there is major uncertainty over whether Trump’s nominee, Kevin Warsh, can be confirmed by the Senate in time. A legal and political struggle over the leadership of