Former New York Fed President Bill Dudley said Jerome Powell remaining on the Federal Reserve Board until 2028 after leaving the chair role could reinforce perceptions of the central bank’s independence.
The topic has advanced with additional commentary on Jerome Powell’s expected post-chair role. Former New York Fed President Bill Dudley said Powell’s decision to remain on the Federal Reserve Board until 2028 after stepping down as chair on May 15 could strengthen perceptions of Federal Reserve independence. The new input aligns with earlier reporting that Powell plans to stay on as a governor after leaving the chairmanship, while adding Dudley’s view that the uncommon move could help counter political pressure as Trump pushes for rate cuts.