Two Trump nominated Federal Reserve officials oppose Powell's indefinite term as interim chairman

AiCoin
AiCoin|May 16, 2026 22:46
According to the Financial Times, two Federal Reserve officials nominated by US President Trump, Milan and Bauman, oppose Powell's "unlimited" appointment as interim chairman of the Federal Reserve. Powell's second term has ended and he was appointed as interim chairman before his official successor, Walsh, takes office. Milan voted against, Bauman abstained. They expressed support for Powell to temporarily serve as interim chairman in the statement, but believed that it should be limited to a clear and limited time frame, up to one month.
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