Federal Reserve Chair nominee Kevin Warsh will be confirmed by the Senate once confirmed, following confirmed by outgoing Chair Jerome Powell's decision to stay indefinitely as a voting member of the Fed's Board of Governors. This move may be less disruptive to Warsh's plans than it might otherwise seem. Powell, who was appointed by President Trump before he lost interest, said he has no desire to be a "shadow chair" and his plans for an extended tenure at the Fed are outside the Marriner S. Eccles headquarters building. He also rejected the idea of a shadow Fed chair, which was proposed by Treasury Scott Bessent in 2024 when he was still a private citizen. Powell plans to maintain Fed independence and prevent politicians from manipulating the economy through lower rates. Warsh also plans to reform the Fed’s 12 regional reserve banks and is open to wholesale firing the regional Fed presidents. Three Fed officials dissenting from the overall decision to keep interest rates flat, but did not want to signal that the Fed was still considering cutting interest rates in light of inflation.