Powell Plans to Remain as Governor After Stepping Down as Chair, Emphasizing Policy Continuity and Institutional Independence

Odaily reported that Nick Timiraos, known as the "Fed whisperer," citing sources, said Powell plans to remain as a Fed governor after stepping down as Chair in May 2026. This practice is historically rare, and his decision is believed to be related to a recent series of institutional and legal uncertainties. According to sources, Powell's primary goal in staying on is to maintain monetary policy continuity during a critical phase, ensuring the Fed can operate independently within the existing framework. Insiders stated that related investigations and institutional disputes have, to some extent, strengthened his willingness to continue serving.

Analysts believe that while this move helps stabilize policy expectations, it may also have some impact on the transition to a new Chair and internal decision-making mechanisms. There remains uncertainty regarding the length of his future tenure and role positioning. (Jinshi)