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BumRushDaShow

(171,293 posts) Wed Apr 29, 2026, 03:03 PM 5 hrs ago

Powell says he'll stay at Fed as governor after his term as chair ends in mid-May

Source: MarketWatch

Published: April 29, 2026 at 2:47 p.m. ET

Federal Reserve Chair Jerome Powell said Wednesday that he will stay on the Fed’s board as a governor after his term as chair expires on May 15.

“After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said at his press conference after the Fed’s policy meeting.

The question of whether Powell would completely leave the U.S. central bank has been looming large for Fed watchers. He can stay on the board of governors until early 2028, even after his term as chair ends.

Powell promised last month to remain on the Fed’s board of governors until the Trump administration’s Justice Department had concluded its probe into cost overruns for renovations to the central bank’s headquarters. Then last week, the DOJ said it was closing the investigation, though it left open the possibility of restarting it.

Read more: https://www.marketwatch.com/story/powell-says-hell-stay-at-fed-as-governor-after-his-term-as-chair-ends-in-mid-may-c906c044

3 replies

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Powell says he'll stay at Fed as governor after his term as chair ends in mid-May (Original Post) BumRushDaShow 5 hrs ago OP

Yeah!! Stick It to Him! The Roux Comes First 5 hrs ago #1

Jerome Powell, whose term as Fed chair is ending, will remain on the board until DOJ probe is over LetMyPeopleVote 4 hrs ago #2

My son, ... oldsoldierfadingfast 15 min ago #3

The Roux Comes First

(2,305 posts)

1. Yeah!! Stick It to Him!

Reply to BumRushDaShow (Original post)

Wed Apr 29, 2026, 03:20 PM

5 hrs ago

LetMyPeopleVote

(181,155 posts)

2. Jerome Powell, whose term as Fed chair is ending, will remain on the board until DOJ probe is over

Reply to BumRushDaShow (Original post)

Wed Apr 29, 2026, 03:49 PM

4 hrs ago

The outgoing Federal Reserve chair said he plans to keep a "low profile" as a governor after his successor, Kevin Warsh, takes over.

Link to tweet

https://www.nbcnews.com/business/economy/powell-will-remain-fed-board-doj-probe-rcna342522

Federal Reserve Chair Jerome Powell made it clear Wednesday he’s not going anywhere just yet.

After the Fed once again held interest rates steady, Powell told reporters he plans to remain on the Board of Governors, even as he prepares to hand over the chairmanship to Kevin Warsh next month. He said he plans to maintain a “low profile” as a governor, but it will be the first time since 1948 that a Fed chair has stayed on at the end of their chairmanship.

"I will leave when I think it's appropriate to do so," Powell said.

Ultimately, the Fed leader said his decision was informed by concern for the central bank's independence, which he said was "at risk."

“My concern is really about the series of legal attacks on the Fed which threaten our ability to conduct monetary policy without considering political factors,” he said, alluding to the Justice Department's criminal probe against him, which has since been dropped. Still, the DOJ has said it would reopen the investigation if warranted.

"I've said that I will not leave the board until this investigation is well and truly over with transparency and finality, and I stand by that," Powell said.

oldsoldierfadingfast

(337 posts)

3. My son, ...

Reply to LetMyPeopleVote (Reply #2)

Wed Apr 29, 2026, 08:30 PM

15 min ago

knowing the approval I hold for Powell, sent me a pic of the two of them together at a conference they attended.
OK, I'm just another proud Dem. Mom!

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