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Fed's Powell Won't Step Down, Limiting Trump's Board Nominee Plans

GateNews

2026-05-15 10:37:58

According to Jin10, citing Congressional Hills Business Editor Sylvan Lane, Federal Reserve Chair Jerome Powell committed on May 15 to remaining on the Fed’s Board of Governors after his chairmanship ends, maintaining a “low-key” presence without challenging the new chair. The decision narrows Trump’s plan: he originally could have nominated two individuals for separate board seats, but can now nominate only one to fill a vacancy left by another member. Powell’s continued tenure and the Fed’s staggered 14-year board terms will still give him influence over policy discussions, particularly on inflation responses.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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