Powell to Remain on Fed Board After Chair Term Ends
Jerome Powell confirmed he will continue serving as a Federal Reserve governor after his term as chair concludes. This announcement follows recent criticisms from Donald Trump. (sources: pbs, ft, bbc, wsj, nbcnews)
Jerome Powell stated he will stay on the Federal Reserve Board after his term as chair ends. His decision comes amid ongoing discussions about the Fed's leadership and monetary policy.
- Kevin Warsh has been confirmed by a Senate committee as Trump's pick for Fed chair.
- Powell will step aside as chair in May but will remain a governor.
- The Federal Reserve is navigating a transition in leadership.
Why it matters
The continuity of Powell's role may influence the Federal Reserve's approach to monetary policy during a leadership transition.
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3 bills on this issue are moving right now — and the most active one is TOO LATE Act.
H.R.4975 · 119th Congress
TOO LATE Act
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What H.R.4975 actually does
This story is about Powell says he will stay on Fed board after chair term ends, addressing Trump's attacks. This bill would create a benchmark-based “cause” standard tied to interest-rate deviations for removing the Fed Chair.
If passed, it would:
- Create a benchmark-based “cause” standard tied to interest-rate deviations for removing the Fed Chair • Potentially make Fed chair removal more procedurally defined (and more contestable) in future disputes.
2 other bills moving on this issue
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This story is about Powell says he will stay on Fed board after chair term ends, addressing Trump's attacks. This bill would put the House on record affirming Fed independence.
If passed, it would
- Put the House on record affirming Fed independence (nonbinding • Signal oversight priorities and potentially affect the tone of hearings/legislation involving the Fed.
This story is about Powell says he will stay on Fed board after chair term ends, addressing Trump's attacks. This bill would prohibit dual appointments of Federal Reserve System employees into other President-appointed offices at the same time.
If passed, it would
- Prohibit dual appointments of Federal Reserve System employees (including Board-related roles) into other • Reinforce structural separation between Fed decisionmakers and political appointee roles elsewhere in government.
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