Jerome Powell to Remain on Federal Reserve Board After Chair Term Ends in May
Federal Reserve Chair Succession and Board Membership·April 29 – April 30, 2026
21 hours ago
Jerome Powell to Remain on Federal Reserve Board After Chair Term Ends in May
Federal Reserve Chair Jerome Powell announced he will stay on the Board of Governors after his term as chair ends on May 15, 2026 Powell to remain at Fed. By staying as a governor, Powell prevents the Trump administration from filling a new vacancy on the board until 2028 Powell stays on board. Powell stated he intends to oversee the completion of an ongoing investigation before leaving the central bank Powell announces he will stay. This decision comes despite legal pressure from the Trump administration for Powell to step down entirely Powell decision behind the scenes. His choice to remain as a regular board member complicates the president's efforts to appoint a new leader who might favor lower interest rates impact on interest rates.
Powell to remain at Fed amid legal 'battering' by Trump administrationThe Fed will have a new leader soon, but the old one plans to remain for a while.Video: Powell Announces He Will Stay on as Fed Governor
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Behind Powell's High-Stakes Decision to Stay at the Fed
Jerome Powell To Stay On Federal Reserve Board Of Governors
Video: Powell Announces He Will Stay on as Fed Governor
The Fed will have a new leader soon, but the old one plans to remain for a while. That's a blow to Trump's push for lower interest rates. - The Boston Globe
Powell to remain at Fed amid legal 'battering' by Trump administration
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