Techub News reports that, according to CryptoBriefing, the Federal Reserve Board appointed Powell as acting chairman, who will serve until Warsh is officially sworn in. Federal Reserve officials Michelle Bowman and Stephen Miran support the decision but criticize the arrangement for lacking a clear time limit. Warsh was confirmed by the Senate on May 13 with a vote of 54 to 45. Both individuals stated that the interim chairman's term should be set with a clear deadline of one week to one month, and if the transition period exceeds the limit, re-approval by the board or intervention by the president is required. Warsh has previously expressed support for financial innovation but opposed excessive speculation.