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Central Banks•29 April 2026•

1 min read

Jerome Powell to Remain on Fed Board After Chairmanship Ends

Key Facts

1Jerome Powell announced he will continue to serve as a member of the Board of Governors after his chairmanship ends.

2Powell cited lingering legal threats against him and the Federal Reserve as a reason for his decision to remain at the central bank.

3Powell emphasized that he won't be a 'shadow chair' after his term as chair ends.

Jerome Powell has confirmed that he will continue to serve as a member of the Federal Reserve Board of Governors after his term as Chair concludes. Speaking during his final FOMC meeting, Powell cited ongoing legal threats against himself and the central bank as the primary motivation for maintaining his seat. He explicitly stated that he does not intend to act as a 'shadow chair' or interfere with the decisions of the incoming leadership. This decision follows the Senate Banking Committee's approval of Kevin Warsh as his successor, creating a rare dynamic within the Board. Powell’s move is seen as an effort to safeguard the Federal Reserve's institutional independence amid a complex political landscape. Market observers are closely watching how this dual presence might influence policy signaling and the overall transition process.

Sources:

foxbusiness.com