Trump, Bessent step up pressure for Warsh to replace Powell as Fed chair; Cramer urges move by May 15
The battle over Federal Reserve leadership is intensifying as President Donald Trump and Treasury Secretary Bessent press for Kevin Warsh to succeed Jerome Powell as chair. Senator Kevin Cramer said this week that "we should see Kevin Warsh in the seat as chairman" by May 15, calling it the "first priority and last priority."