Finance & Banking — Powell Stays on Fed Board to Guard Independence; Central Banks Accelerate Gold Accumulation; Senate Bans Prediction Market Bets; Warsh Confirmation Raises Partisanship Concerns

Finance & Banking · 2026-05-01

Today's Finance & Banking landscape is shaped by an extraordinary convergence of central banking stress signals. Jerome Powell's decision to remain as a Fed governor after his chair term ends is an unprecedented defensive move to protect institutional independence — a signal that the Fed-White House tension has escalated beyond rhetoric. Meanwhile, Kevin Warsh's historically partisan confirmation…