Despite planning to retire, Powell believes he has ‘no choice’ but stay in his seat on the Board of Governors.
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve in Washington on April 29, 2026. Anna Moneymaker/Getty Images
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Outgoing Federal Reserve Chair Jerome Powell said on April 29 that he will continue to serve on the Board of Governors “for a period of time to be determined.”
His term as chair expires on May 15, but Powell’s tenure as governor does not end until 2028.
