The Federal Reserve will meet this week ahead of a looming leadership transition that remains fuzzy, and Wednesday's news conference will be closely watched for any clarification. Also Wednesday, the Senate Banking Committee will vote on whether to confirm President Trump's nominee,

Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined." Why it matters: It extends Powell's influence over monetary policy beyond the conclusion of his term as Fed chair on May 15.

The Senate Banking Committee voted on party lines to approve Kevin Warsh as the next chair of the Federal Reserve, to replace Jerome Powell, a long-time target of President Trump’s insults for not cut

Jason Dick talks with George Condon, longtime White House reporter, historian and a past president of the White House Correspondents’ Association, about the association’s dinner on Saturday, putting the assassination attempt on President Donald Trump into the context of the century-old event.

Kevin Warsh, President Donald Trump’s nominee to be the next chair of the Federal Reserve, won the backing of the Senate Banking Committee Wednesday on a 13-11 party-line vote, putting him on track to be confirmed by the full Senate before Jerome Powell’s term ends May 15.

The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a longtime target of President Donald Trump’s insults for not cutting borrowing costs as far as the president wanted.

Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.

The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a long-time target of President Trump’s insults for not cutting borrowing costs as far as the president wanted.