For the purposes of this contract, "officially holds" means any of the following:

• Kevin Warsh has been formally appointed, confirmed (if confirmation is required), and sworn in as Chair of the Federal Open Market Committee (including in acting capacity)
• Kevin Warsh is listed in official government directories, organizational charts, or equivalent authoritative sources as Chair of the Federal Open Market Committee (including in acting capacity)
• Kevin Warsh is actively serving as Chair of the Federal Open Market Committee (including in acting capacity) with full authority and responsibilities (not suspended, on leave, or in acting/interim capacity unless explicitly specified)

The following do NOT constitute "officially holding" the role:

• Nominated, announced, or designated as Chair of the Federal Open Market Committee (including in acting capacity) but appointment not yet effective
• Appointed with an effective date after Jun 17, 2026
• Previously served as Chair of the Federal Open Market Committee (including in acting capacity) but term has expired, resigned, or been terminated before Jun 17, 2026
• Serving as Chair of the Federal Open Market Committee (including in acting capacity) in a consultant, contractor, or unofficial capacity
• Named as successor or heir apparent to Chair of the Federal Open Market Committee (including in acting capacity) but not yet appointed
• Holding a different role with oversight of Chair of the Federal Open Market Committee (including in acting capacity) but not the specified position itself