US Fed chair Jerome Powell declines to say if he would remain after term expires
Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain on the Fed board after no longer serving as its leader, said only that he is committed to serving out his term as chair.
«I'll certainly serve to the end… of my chair term,» Powell said. «And that's really all I've decided, and all I'm thinking about.»
Powell's term as a Board of Governors member expires in January 2028. The last former Fed chair to continue serving beyond their term as its leader was Marriner Eccles, who ceased being the Fed's leader in January 1948, but continued on the board until July 1951.
The question follows a suggestion by one individual under consideration for a leading economic role in Donald Trump's incoming administration that the next president nominate and the Senate confirm a successor to Powell long before the current central bank chief's term expires.
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