No Drama Ahead of Warsh Transition, Fed's Williams Says -- Market Talk

Dow Jones04-07

0911 ET - The timeline for Kevin Warsh's confirmation as Fed chair is uncertain, given that key Republican senators oppose advancing his nomination with Chair Jerome Powell remaining under investigation. New York Fed President John Williams, the vice chair of the Fed's policy committee, says that the uncertainty isn't an issue for the Fed. The FOMC voted at the start of the year to make Jerome Powell chair of the policy committee for the whole year, and he can remain in that role until Warsh is confirmed, Williams says. "We're just focused on doing our work. There's no issue about continuity or things like that at the FOMC," Williams says in a Bloomberg TV interview. (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

April 07, 2026 09:11 ET (13:11 GMT)

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