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Powell Says He Plans to Stay as Federal Reserve Governor

Jerome Powell said he will remain on the Federal Reserve Board until early 2028 after his chair term ends on May 15 and said he will "never become a shadow chair" or interfere with Kevin Warsh’s FOMC leadership.

Fact Check
The claim has partial direct support from the retrieved sources. The x post 2049559100225138852 states that Powell welcomed a DOJ announcement closing the criminal investigation and that DOJ assured it would not reopen the matter without a Fed inspector general criminal referral. Separately, x post 2049559864217903615 says Powell would remain a Federal Reserve governor, and the Odaily/Jin10 newsflash explicitly says he would continue as a governor after May 15 and would not leave before the DOJ matter is fully finished. However, these are all secondary or summary-style reports rather than a primary DOJ release, Federal Reserve transcript, or full video/transcript of Powell’s remarks. Because the exact wording is not confirmed from a primary source in this run, the claim is best assessed as likely true rather than fully confirmed.
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Summary

Jerome Powell said he will remain on the Federal Reserve Board as a governor until early 2028 after his term as chair ends on May 15. He said ongoing legal disputes left him with "no choice" but to stay, while also stating that he would "never become a shadow chair" and would not interfere with Kevin Warsh’s leadership of the Federal Open Market Committee. The combined remarks provide a clearer timeline for Powell’s planned post-chair tenure and indicate he intends to stay in a non-chair role without directing monetary policy from behind the scenes.

Terms & Concepts
  • Federal Reserve: The U.S. central bank, responsible for monetary policy, financial stability, and supervision of parts of the banking system.
  • Federal Open Market Committee: The Federal Reserve body that sets U.S. monetary policy, including benchmark interest rates and balance-sheet decisions.
  • Liquidity: The ease with which money or assets can move through markets without causing large price changes.