Jerome Powell to stay amid probe
Analysis based on 6 articles · First reported Mar 18, 2026 · Last updated Mar 19, 2026
The ongoing uncertainty surrounding the leadership of the United States — Federal Reserve and the Justice Department investigation could introduce volatility into financial markets, as the stability and independence of the United States — Federal Reserve are crucial for market confidence. Delays in confirming a new chair, Kevin Warsh, and the potential for political interference, as suggested by Jerome Powell, could lead to concerns about future monetary policy direction.
Jerome Powell, the current Chair of the United States — Federal Reserve, has publicly stated his intention to remain on the United States — Federal Reserve board until a Justice Department investigation into renovation costs at the United States — Federal Reserve's headquarters is concluded. He also indicated he would serve as chair pro tem if his successor is not confirmed by the end of his term in May. This investigation, which Jerome Powell claims was triggered by Donald Trump's demands for lower interest rates, has led to subpoenas from the United States — United States Department of Justice, though a federal judge initially blocked them, a decision the United States — United States Department of Justice plans to appeal. Donald Trump has nominated Kevin Warsh to succeed Jerome Powell, but his confirmation by the United States is being delayed by some Republicans, including Thom Tillis, who insist on the resolution of the investigation first. This situation creates uncertainty regarding the United States — Federal Reserve's leadership and independence.
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