The Senate confirmed Kevin Warsh as Federal Reserve chair on Wednesday in a 54-to-45 vote, the narrowest margin for a chair in modern memory. By Friday, Jerome Powell had broken 75 years of practice and held onto his governor’s seat at the central bank, opening in the same week the question of how independent the post-Powell Fed will actually be.
By P. Sharma · WASHINGTON · 6 min read · May 15
The Eccles Building at dusk, the day the Senate confirmed a new chair and the outgoing chair declined to leave the board. · Illustration · generated by xAI grok-imagine-image-quality
Jerome Powell’s term as Fed chair ended Friday, but the Board kept him in the seat on a temporary basis, and on the Board itself through 2028. Kevin Warsh inherits a central bank with the highest inflation print in three years.
A multi-country outbreak tied to the M/V Hondius, an expedition cruise that sailed from Ushuaia on April 1, has produced 11 cases and three deaths. The risk to the U.S. public remains, in the CDC’s words, extremely low. The uncertainty sits elsewhere.
CVE-2026-42897 lets a crafted email run JavaScript inside Outlook Web Access on every supported on-prem version. Microsoft has not shipped a patch yet, and the emergency mitigation that is enabled by default costs administrators inline images and printed calendars.
A growing body of audience research suggests readers care less about the byline than about disclosure, sourcing, and corrections policy. Researchers say the findings should be read carefully.