The claim
“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.”
Our verdict
False
The claim that Powell's term expires on May 15 is false.
What we found
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 evidence
1 of 3 sources contradict the claim; none support it.
- Contradicts the claim
Brookings states 'His term as chair expires May 2026' - contradicting the May 15 (2025) claim
brookings.edu· Brookings confirms different term expiration date - Background
Brookings confirms 'President Trump has nominated former Fed governor Kevin Warsh to succeed him'
brookings.edu· Kevin Warsh nomination confirmed - Background
Wikipedia confirms Powell has served as chair since February 2018, originally nominated by Trump
en.wikipedia.org· Wikipedia confirms Powell appointment history
How we checked
We reviewed 3 relevant sources.
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