Jerome Powell's eight-year tenure as Federal Reserve chairman ended on this day, with the Senate confirming Kevin Warsh as his successor, marking a victory for President Donald Trump who had frequently clashed with Powell and advocated for deeper interest rate cuts.
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Jerome Powell steps down as Fed chairAdded:
Today marks the end of an era for the Federal Reserve. It's Jerome Powell's last day on the job. Powell served as chairman of the Fed for 8 years.
Wednesday, the Senate voted to confirm Kevin Warsh as the next chairman of the Federal Reserve, marking a victory for President Donald Trump, who has clashed with outgoing Powell repeatedly. And he had urged the Central Bank to slash interest rates.
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