Powell plans to remain as a governor after stepping down as chair, emphasizing policy stability and institutional independence

Odaily Planet Daily News According to a report by "Fed whisperer" Nick Timiraos citing informed sources, Powell plans to remain as a Fed governor after stepping down as chair in May 2026, a relatively rare historical move believed to be related to a series of recent institutional and legal uncertainties. According to sources, Powell's primary goal in staying on is to maintain monetary policy continuity during a critical phase and ensure the Fed can operate independently within its existing framework. Informed sources noted that related investigations and institutional disputes have, to a certain extent, strengthened his willingness to continue serving.

Analysts believe that while this move helps stabilize policy expectations, it could also have a certain impact on the transition to a new chair and internal decision-making mechanisms. Uncertainties remain regarding the length of his future tenure and role definition. (Jin Shi)