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.
↓ Why this is on ModernAction
2 bills on this issue are moving right now — and the most active one is Fed Integrity and Independence Act of 2025.
S2817 · 119th Congress
Fed Integrity and Independence Act of 2025
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What S2817 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 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.
1 other bill moving on this issue
Take action on any of them individually.
This story is about Powell says he will stay on Fed board after chair term ends, addressing Trump's attacks. This bill would change the Fed Board IG to a President-appointed, Senate-confirmed position.
If passed, it would
- Change the Fed Board IG (and CFPB IG) to a President-appointed, Senate-confirmed position • Potentially increase formal accountability channels for allegations about management/operations without changing.
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