Staying at Fed Flies in Face of Tradition –

As RedState reported earlier Wednesday, Jerome Powell delivered his ultimate speech as Federal Reserve Chairman before his time period ends on May 15. Meanwhile, Trump’s decide to change Powell, Kevin Warsh, was permitted by the Senate Banking Committee by a vote of 13-11, and the nomination now heads to the full Senate, where he’s anticipated to be confirmed.

But in an anticipated twist, Powell also announced on Wednesday that he’ll keep on the Fed’s Board of Governors even after his time period is over.

It’s a clear departure from the best way issues are often completed:

While Powell’s time period as governor permits him to stay at the Fed until early 2028, it represents an uncommon association because for many years, Fed chairs have left the building when their successor is put in.

Treasury Secretary Scott Bessent agrees, and he appeared on the Fox Business Channel to observe the hypocrisy coming from a man who often goes on and on about “tradition.”

I really like the best way his eyebrow is arched in the first body of the video in his tweet:

It is uncommon for soon-to-be-former Fed Chair Jay Powell to keep on at the @federalreserve. For somebody who speaks so often of norms, his unilateral resolution to keep flies in the face of custom.

Kevin Warsh will deliver about a new day at the Fed, with accountability,… pic.twitter.com/QAxbwqNo2S

— Treasury Secretary Scott Bessent (@SecScottBessent) April 29, 2026

It is uncommon for soon-to-be-former Fed Chair Jay Powell to keep on at the @federalreserve. For somebody who speaks so often of norms, his unilateral resolution to keep flies in the face of custom.

Kevin Warsh will deliver about a new day at the Fed, with accountability, management, and sound policymaking in the lead.

MORE: ‘Too Late Powell’ Leaves Rates Unchanged Again As Trump’s Pick for Successor Passes Crucial Senate Test

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Host Larry Kudlow began issues off by saying Powell was being “ungentlemanly” with his stunt, and requested, “Why did he have to do it?”

That’s all Bessent needed to hear before he unloaded on the soon-to-be ex-chairman:

I’ll say, it is extremely uncommon what soon to be former chair Powell, did, and Larry, to be clear, the last time that a Fed chair stayed on the board, it was at the request of the president. One factor, I can promise you, President Trump didn’t request for Jay Powell to keep.

Ha. That a lot is undoubtedly true because the president has been vastly pissed off and has dubbed Powell “Too Slow Jerome.”

The transfer seems hypocritical, Bessent argued:

I feel it is extremely uncommon for somebody who says he is an institutionalist and cares about norms at the Fed. This is a violation of all Federal Reserve norms.

We had the worst inflation, maybe, in our nation’s historical past, actually, in 47 or 50 years, under this chairman [true, but let’s not forget former President Joe Biden’s role in that debacle]. I feel the great news is, today, Kevin Warsh, cleared committee and he’s going to be confirmed.

He would be the new Fed chair on time, May fifteenth… and I feel it is going to be a new day at the Fed… And, you already know, I feel that we may have a great financial coverage. I feel we may have a great management in phrases of the regulatory and of the amenities.

James Fishback, an investor and Republican working for governor in the 2026 Florida race to succeed Ron DeSantis, summed up the sentiments of many who have been pissed off by Powell:

Fox News requested me if I “ever feel sorry for Jerome Powell when Trump attacks him?”

Me: “No, I don’t feel sorry for Jerome Powell. He’s worth over $200 million. Who I feel sorry for are Americans who can’t get a mortgage because Powell refuses to lower interest rates. I feel… pic.twitter.com/QOCnHGknbP

— James Fishback (@j_fishback) April 28, 2026

Fox News asked me if I “ever feel sorry for Jerome Powell when Trump attacks him?”

Me: “No, I don’t really feel sorry for Jerome Powell. He’s price over $200 million. Who I really feel sorry for are Americans who can’t get a mortgage because Powell refuses to decrease rates of interest. I really feel sorry that they will’t start a household because they will’t buy a home. I really feel sorry for the only mother who can’t get a credit card because Jerome Powell is making an attempt to undermine the duly elected President of the United States.”

I don’t know what Powell’s motives are for hanging around after the occasion is over, but it sure has all the appearances of him just wanting to annoy the hell out of the president and strive to undermine Warsh. 

Dessert has been served, the nightcaps have been imbibed, the lights have been dimmed — it’s time to go home, Jerome.

Editor’s Note: Thanks to President Trump’s management and daring insurance policies, America’s financial system is back on observe.

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