Federal Reserve Chairman Jerome Powell: Will remain a member of the Federal Reserve Board of Governors after stepping down as chairman.

CoinFeed reported on April 30th that, according to Jinshi News, on the eve of his term expiring on May 15th, Federal Reserve Chairman Jerome Powell publicly stated after the policy meeting on Wednesday that he will remain at the Federal Reserve as a governor after stepping down as chairman, with his term extending to early 2028. This arrangement breaks with the decades-long tradition of chairmen leaving simultaneously with their successors. Just a week before his statement, U.S. Department of Justice officials suspended their investigation into whether his oversight of the Federal Reserve building renovation project involved criminal issues. Previously, in March, the court halted subpoenas issued to the Federal Reserve, and the Senate had also threatened to indefinitely postpone the confirmation process for Kevin Warsh's nomination. Powell stated that this ongoing legal dispute left him "no choice" but to remain in office until the issues were addressed "fully and transparently."