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Stock impact report

Trump's long-running push to oust Powell could keep the Fed chair around for longer An upended timeline [Yahoo! Finance Canada]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Powell said this past week he intends to continue serving as the Fed's chair pro tem in the event that Kevin Warsh, Trump's nominee to be the next chair, is not confirmed by the Senate before Powell's term ends in May. “That is what the law calls for,” Powell told reporters Wednesday, noting the historical precedent for such a scenario, including when he was nominated for a second term as chair by former President Joe Biden and the Senate was late in confirming him. Powell also said, for the first time, that he will not step down from the Fed's Board of Governors until a Department of Justice investigation focused on the Fed and Powell individually is resolved. Read more: How much control does the president have over the Fed and interest rates? “I have no intention of leaving the board until the investigation is well and truly over with transparency and finality,” Powell said following the Fed's policy meeting last Wednesday. That prompted another avalanche of criticism fro Show less Read more
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