World
Jerome Powell: Steering the US Fed through COVID-19 and political pressures
✦ AI Brief
Jerome Powell's term as chair of the United States Federal Reserve Board of Governors is coming to a close after months of tension between the White House and the central bank. Powell will be succeeded by Kevin Warsh, a Trump appointee who previously served on the central bank's board of governors from 2006 to 2011. Powell will continue on the board as a governor after stepping down as chair, planning to stay on to help preserve the central bank's independence.