Gate News reports that on March 19, Federal Reserve Chair Jerome Powell stated that he has no intention of leaving his position until the U.S. Department of Justice’s investigation into him is “completely concluded with transparency and finality.” Powell’s term as Chair will end on May 15, but his board membership will continue until early 2028, allowing for the possibility of reappointment. Powell said he will decide whether to continue serving based on what is “most beneficial for the institution and the public.” This statement could influence the pace of personnel adjustments by the Trump administration at the Federal Reserve. Currently, Trump has appointed several board members, and if Powell departs, it could further expand his influence over the Fed.
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