- Federal Reserve Chair Jerome Powell announced he will remain on the central bank board of governors after his term as chair ends on May 15 2026
- The decision to stay as a governor is seen by insiders as a strategic move to protect the institution from political interference and deny an immediate vacancy
- Powell recently released a video statement asserting that interest rate decisions must be based on public service rather than the preferences of the president
- The Federal Reserve held interest rates steady in April 2026 despite public pressure for cuts to stimulate economic growth
- Successor nominee Kevin Warsh has pledged to maintain independence but faces scrutiny over his past criticisms of current Fed policy
Jerome Powell warns of risks to Federal Reserve independence as term concludes
Apr 29, 2026, 7:14:50 PM UTC(1 day ago)
Impact: Medium
Affected Assets
Sources
From:@WatcherGuru
JUST IN: 🇺🇸 Jerome Powell says the Federal Reserve's independence is "at risk."
