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Fed's Powell Steps Down, Warsh Awaits Swearing-In
Description
The Federal Reserve is currently in a leadership transition as Jerome Powell steps down, with Kevin Warsh set to take over. However, the transition timeline is uncertain, causing internal tension and public dissent. Powell will remain on the Board of Governors until a criminal investigation into his activities is resolved. The situation leaves the Fed in a delicate balance, with the old guard lingering and the new leadership waiting in the wings.
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