Jerome Powell to Remain on Fed Board After His Term as Chair Ends

Despite planning to retire, Powell believes he has ‘no choice’ but stay in his seat on the Board of Governors.Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve in Washington on April 29, 2026. Anna Moneymaker/Getty Images4/29/2026|Updated: 4/29/2026Outgoing Federal Reserve Chair Jerome Powell said on April 29 that he will continue to serve on the Board of Governors “for a period of time to be determined.”His term as chair expires on May 15, but Powell’s tenure as governor does not end until 2028.