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Trump: Doesn't care if Powell stays on as Fed governor

2026-04-30 21:51

Odaily Planet Daily News: US President Donald Trump said he doesn't care whether Jerome Powell stays on as a Fed governor after his term as Fed Chair ends. Powell's term as Fed Chair ends on May 15, but his term as a governor runs until 2028. He has stated his intention to "continue serving as a governor for an undetermined period." Meanwhile, Kevin Warsh is expected to receive full Senate approval before Powell's term ends. Powell's continued presence could complicate Trump's efforts to reshape the Fed. When asked if he was prepared to take any action regarding Powell's decision to remain a governor, Trump replied, "No, I don't care if he continues to stay. I just want to ensure Kevin gets that position."