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The clock is ticking on the Fed’s leadership change

A Senate impasse, criminal probe and unusual political pressure mean the transition may not be clean or quick

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    • Federal Reserve chair Jerome Powell intends to remain in his role until his successor is confirmed, but has not indicated whether he plans to remain as a Fed governor.
    • Federal Reserve chair Jerome Powell intends to remain in his role until his successor is confirmed, but has not indicated whether he plans to remain as a Fed governor. PHOTO: BLOOMBERG

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    Leon Hadar

    Published Wed, Apr 1, 2026 · 07:00 AM

    THE US Federal Reserve is bracing for a rocky leadership transition.

    While the hard deadline for Jerome Powell’s chairmanship to end is May 15, 2026, his term as board member continues until January 2028.

    Powell, who has led the Fed since 2018, has said he intends to remain as chair until his successor is confirmed, but he has not indicated whether he plans to remain as a Fed governor.

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    US Federal ReserveJerome PowellKevin WarshTrump administrationInterest ratesThinking Aloud

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