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April 29, 2026
Jerome Powell Will Continue as Fed Governor Amid Ongoing Investigation
- Jerome Powell confirmed he will stay on the Board of Governors after his term ends in May, pending the conclusion of investigations into Fed renovations.
- Powell's decision marks the first time since 1948 that a Fed chair will continue as a board governor after their term, highlighting his commitment to the Fed's independence.
- The Federal Reserve held interest rates steady amid rising inflation, with Powell citing political challenges and global economic uncertainties.
8 Sources
- Powell could remain at the Fed despite looming end of chair termApr 29, 2026 at 1:09 PM · Fox News
- Powell will remain at the Fed for now, setting up potential clash with TrumpApr 29, 2026 at 1:09 PM · Fox News
- Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism 'unprecedented'Apr 29, 2026 at 6:42 PM · CNBC
- Jerome Powell, whose term as Fed chair is ending, will remain on the board until DOJ probe is overApr 29, 2026 at 6:45 PM · NBC
- Jerome Powell reveals plan to stay at Fed after term as chair endsApr 29, 2026 at 6:45 PM · The Hill
- Powell says decision to stay on at Fed for a time reflects his concern over legal attacksApr 29, 2026 at 7:00 PM · Reuters
- Jerome Powell says he’ll stay on Fed board after central bank keeps interest rates unchanged in defiance of TrumpApr 29, 2026 at 8:09 PM · The Guardian
- Fed holds interest rates steady for third straight meeting, as Powell vows to remain as governorApr 29, 2026 at 10:04 PM · CBS News