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  "path": "/2026/05/15/us/politics/jerome-powell-kevin-warsh-federal-reserve.html",
  "publishedAt": "2026-05-15T09:02:32.000Z",
  "site": "https://www.nytimes.com",
  "tags": [
    "Federal Reserve System",
    "Federal Open Market Committee",
    "Powell, Jerome H",
    "Warsh, Kevin M",
    "Banking and Financial Institutions",
    "United States Politics and Government",
    "Appointments and Executive Changes",
    "United States Economy"
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  "textContent": "Jerome H. Powell is passing the chair’s baton to Kevin M. Warsh at the Federal Reserve, an institution that President Trump’s pick says needs an overhaul.",
  "title": "As Powell Steps Down, the Fed Confronts ‘Regime Change’"
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