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Will he stay or will he go? Powell is not saying whether he'll stay on Fed board when chair term ends

Summary by CNBC
Fed Chair Jay Powell has so far skirted the question of whether he'll stay on with the Fed when his term ends this year.

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Jerome Powell's term as Federal Reserve Chairman will end in May, while he will still have two years remaining in his term as a governor. Whether he will remain on the governorship has become one of the most talked-about topics in 2026, but Powell has consistently avoided discussing it.

The 2026 will be a year of changes within the Federal Reserve (Fed), since in May Jerome Powell will leave the presidency of the central bank of the United States, a fact that could transform the U.S. monetary policy and autonomy of the Fed. However, despite the end of Powell’s administration on May 15, he has two years of office as governor, so he could remain within the officials of the Open Market Committee (FOMC), which decides the future of…

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CNBC broke the news in United States on Friday, January 2, 2026.
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