This is not authorized by law and it is not consistent with past practice. Nowhere is the Fed Board authorized to name Powell the chair pro tempore and the Fed has never named an outgoing chair as pro tem chair. https://t.co/n5LiJ7tGUh
— John Carney (@carney) May 15, 2026
This is not authorized by law and it is not consistent with past practice. Nowhere is the Fed Board authorized to name Powell the chair pro tempore and the Fed has never named an outgoing chair as pro tem chair.
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