Fed Chair Powell staying on Fed board or going?
CNBC••business
Key Points:
- Fed Chair Jerome Powell has not disclosed whether he will remain on the Federal Reserve board after his chairmanship ends in May 2026, despite having two years left on his governor term.
- Powell's decision is closely watched due to its impact on the Fed's Board of Governors balance, with three Trump appointees currently on the seven-member board; his departure could give the president majority control and influence over interest rate policies.
- The Trump administration has pressured the Fed to lower rates, and the potential removal of Fed Governor Lisa Cook by the Supreme Court could further shift board control in the president's favor.
- Observers believe Powell faces a difficult choice between personal considerations and professional loyalty to the Fed's independence, with most expecting him to leave when
