BackECONOMY
Powell to remain at Fed amid legal 'battering' by Trump administration
Powell said he will stay on as a Fed governor after his term as chair ends on May 15, 2026, for an undetermined period. He spoke after his last policy meeting as chair, noting hopes that political attacks on the Fed will settle down. The report citing his remarks was published the following day.
Why It Matters
Powell's continuation as a Fed governor will influence the central bank's leadership during a period of political pressure and potential policy continuity.
Timeline
2 Events
Publication of article reporting Powell's remarks
April 30, 2026
The article summarizing Powell's remarks was published on April 30, 2026 at 03:12 am IST.
Powell says he will stay on as Fed governor after term ends May 15, 2026
April 29, 2026
Federal Reserve Chair Jerome Powell told a news conference after his last policy meeting as chair that, after his term as chair ends on May 15, he will continue to serve as a Fed governor for an undetermined period of time, amid hopes that ongoing political attacks on the institution will start to settle down.