www.marketwatch.com
Republican Senator John Kennedy has declared he will oppose any nominee for Federal Reserve chair unless the Justice Department concludes its investigation into current Chair Jerome Powell first. Kennedy, whose vote is crucial in the narrowly divided Senate, stated that the investigation, which concerns alleged improper renovations at the Fed headquarters, “needs to be resolved” before considering a successor. This stance complicates the timeline for replacing Powell, whose term as chair ends in May 2026, though he remains a board member until 2028.
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