“Federal Reserve Chair Jerome Powell's term expires on May 15, and he plans to remain in the position until his successor Kevin Warsh is confirmed by the Senate.”

• The claim that Powell's term expires on May 15 is false.
• According to Brookings, his term as chair expires in May 2026, not May 2025.
• The claim about Kevin Warsh being the successor is accurate, but the timeline is incorrect.

The claim that Powell's term expires on May 15 is false. According to Brookings, his term as chair expires in May 2026, not May 2025. The claim about Kevin Warsh being the successor is accurate, but the timeline is incorrect.