Powell once stated that he would not voluntarily resign, with his term as Federal Reserve Chair ending in May 2026.
Powell once said that U.S. law does not allow the President to remove him from office, and even if Trump were to request it, he would not resign voluntarily. He plans to fulfill his full term, continuing as Federal Reserve Chair until May 2026.
Additionally, Powell's term as a member of the Federal Reserve Board will continue until January 2028. This week, he also stated that he believes the case currently being heard by the U.S. Supreme Court is unlikely to apply to the Federal Reserve. (Reuters)
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