White House confident Warsh will lead Fed in May

WASHINGTON, April 9 (Reuters) - ‌White House ​economic ​adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as ‌Federal Reserve chairman in May and that he ⁠did not expect current Fed chairman Jerome Powell to remain ‌on the board.

"I'm highly ‌confident that that will happen," Hassett told Fox Business Network, adding that he believed a confirmation hearing ​for Warsh was on track to begin next week.

Hassett said Powell had indicated he would leave ⁠the central bank once a new chair was selected.

"He's really signaled that ​once there's a confirmed head chair, that he'll step aside, and that's the appropriate thing ​for him to do," Hassett ‌said on the "Mornings with Maria" program.

However, Powell said in March he would not leave the ⁠Fed at least until a criminal investigation spearheaded by U.S. Attorney Jeanine Pirro is over and that he had ⁠not yet decided whether to remain in a governor's seat ​on the central bank's board that lasts until 2028.

Powell's term as Fed chief ends in May.

A U.S. judge last week upheld ‌a block on subpoenas issued in the investigation into Powell, setting up a ‌likely appeal that could further delay President Donald Trump's ⁠move to install a ‌more compliant central ​bank head.

(Reporting by Katharine Jackson; writing by Susan Heavey and Kat Jackson; Editing by Doina ‌Chiacu)

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