On Wednesday (April 29), Federal Reserve Chair Jerome Powell announced he will remain a central bank governor through January 2028, extending his influence over monetary policy beyond his term as Fed chair, which ends on May 15. This decision denies Trump an immediate opportunity to fill a vacancy on the influential Fed board. Powell cited concerns about legal attacks on the Fed’s political independence, stating he would “keep a low profile as a governor” once Kevin Warsh assumes the chair role.
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