Powell to remain on Fed board after term ends, preventing Trump appointment

US Federal Reserve Chair Jerome Powell on Wednesday urged central bank independence as he nears the end of his term on May 15. He said he would remain a Fed governor, drawing criticism from President Donald Trump, who mocked the decision.

Apr 30, 2026 - 09:09
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Powell to remain on Fed board after term ends, preventing Trump appointment
US Federal Reserve Chair Jerome Powell on Wednesday urged central bank independence as he nears the end of his term on May 15. He said he would remain a Fed governor, drawing criticism from President Donald Trump, who mocked the decision.

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Oganews As a passionate news reporter, I am fueled by an insatiable curiosity and an unwavering commitment to truth. With a keen eye for detail and a relentless pursuit of stories, I strive to deliver timely and accurate information that empowers and engages readers.