[Federal Reserve Chair Nominee Warsh May Struggle to Gain Congressional Approval by May 15] Odaily Planet Daily News – U.S. President Trump and Federal Reserve Chair Jerome Powell are set to face off over a key issue: if Trump fails to secure confirmation for his chosen successor, Kevin Warsh, in time, does the current chair, Powell, have the authority to remain in office? Warsh is scheduled to appear before the Senate Banking Committee next Tuesday, but he may struggle to gain congressional approval before Powell's term as chair ends on May 15. On Wednesday, Trump stated that if Powell does not step down 'on time,' he will fire Powell. If Warsh cannot be confirmed quickly, the likelihood of a direct confrontation between Trump and Powell will increase. This controversy arises as Trump has repeatedly criticized Powell for refusing to yield to his demands for interest rate cuts, calling the Fed chair a 'fool' and a 'stubborn mule' for his refusal to lower borrowing costs. Analysts suggest that with the increased possibility of Powell remaining on the board following Trump's latest attacks, Trump's strategy could undermine Warsh's efforts to reshape the central bank. (Financial Times)