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Two Fed officials nominated by Trump oppose Powell serving indefinitely as acting chairman

Two Fed officials nominated by Trump oppose Powell serving indefinitely as acting chairman

AiCoinAiCoin2026/05/16 22:50
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According to the Financial Times, two Federal Reserve officials nominated by U.S. President Trump, Milan and Bowman, opposed Powell serving as the interim Fed chair “for an unlimited period.” Powell’s second term has ended, and he was appointed interim chair before the formal successor, Walsh, takes office. Milan voted against, and Bowman abstained. In their statement, they expressed support for Powell temporarily serving as interim chair, but believed the duration should be restricted to a clear and limited timeframe, with a maximum of one month.
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