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Jerome Powell, in his last press conference as Fed chair, said this afternoon that he would remain on the central bank’s board until a spurious criminal investigation was “well and truly over”. Our leader welcomes Mr Powell’s move—a break with tradition, but one that Kevin Warsh, his replacement, should embrace, too. As the Fed faces its greatest crisis in 50 years, here’s what else Mr Warsh should bear in mind.
Californians are choosing their next governor from a crowded field. Matt Mahan, the 43-year-old mayor of San Jose, argues that the best defence against Trumpism is proving that Democrats can govern effectively in places they already run. Will his pitch break through in time? | 
