Federal Reserve Chair Jerome Powell Says He Would Serve as Chair Pro Tem if Successor Is Unconfirmed

Powell said he would remain in the role temporarily if a successor is not confirmed by the end of his term and added that he will stay on the board until an investigation is fully concluded.

Summary

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Terms & Concepts
  • Chair Pro Tem: A temporary acting chair role used until a permanent successor is confirmed.
  • Federal Reserve Board: The governing body of the U.S. central bank, which oversees monetary policy and financial stability.