Who will lead the Fed following May 15? A fresh dispute could be on the horizon
Potential Showdown Looms Over Federal Reserve Leadership
A dispute may be emerging between the Trump administration and the Federal Reserve regarding who will lead the central bank after May 15, the day Jerome H. Powell’s term as chair concludes. If Kevin Warsh, President Donald Trump’s chosen successor, has not received Senate approval by that time, Powell has indicated he intends to continue serving as acting chair of the Fed board. “That’s what the law requires, it’s how we’ve handled similar situations before—including my own—and it’s the approach we’ll take now,” Powell explained to the press last month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Before the Jensen Huang scandal broke out, the Quant King precisely cleared out Nvidia!
The latest 13F filing shows that quantitative giant Renaissance Technologies almost completely sold off its holdings in Nvidia (reduced by 99.7%), Meta (reduced by 99.9%), as well as other tech giants like Apple and Amazon in the third quarter, and significantly reduced its position in Palantir. At the same time, it heavily increased its holdings in Micron Technology (up by 618.7%), AMD, and SanDisk, as well as other storage and chip stocks.
British Pound extends losing streak against US Dollar, US PPI in focus
Barclays: US-Iran conflict unlikely to end in next 12 months, oil exports near 85% of pre-war level
Jensen Huang's sudden resignation shrouded in suspicion: Did the White House secretly intervene? Is a return possible in the future?
Only a few days separated Jensen Huang’s strong support from the board last Sunday and his late-night resignation on Wednesday. Multiple reports of the Wednesday night Nvidia board meeting were co-authored by Washington-based journalists—who do not typically cover Nvidia—fueling rumors of "White House pressure and information leaks." Huang’s unique value lies in leveraging his personal reputation to secure the supply chain and drive the implementation of technological roadmaps, making him difficult to replace. Some analysts note that, drawing on examples such as Steve Jobs’ return to Apple, it is possible that Huang may come back in the future.
Crypto prices
More
