Powell Stands Firm: No Resignation Despite Legal Challenges

Despite potential legal pressure from former President Donald Trump, Federal Reserve Chairman Jerome Powell remains committed to his position. He has confirmed that U.S. law explicitly prevents presidential removal and plans to serve out his full term as Chair until May 2026. His tenure on the Federal Reserve Board extends until January 2028. In response to recent legal challenges, Powell expressed confidence that a case currently before the Supreme Court will not affect the Federal Reserve’s operations.