Jerome Powell to Stay on Federal Reserve Board After Chairmanship Ends
Jerome Powell’s term as chairman ends in May 2026, but he will remain on the Federal Reserve board until a legal investigation about the Fed's headquarters renovation is complete. His decision means Governor Stephen Miran must leave to make space for new chairman Kevin Warsh. Powell’s presence on the board offers political support for Warsh amid pressure from former President Trump and internal Fed disagreements about inflation and interest rates.
