Official announcement from the White House or reputable news outlets

Trump Likely to Allow Fed Chair Powell to Serve Full Term Until May 2026

Nov 7, 2024, 05:50 PM

President-elect Donald Trump is likely to allow Federal Reserve Chair Jerome Powell to serve the remainder of his term, which ends in May 2026, according to CNN. Powell will continue to lead the central bank. Conservative economists Kevin Hassett and Kevin Warsh are being considered as potential replacements for Powell, a senior adviser says.