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1 revisions for "Powell's Last Stand: Why the Outgoing Fed Chair Is Staying on the Board — and What It Means for Monetary Policy"

Anonymousabout 2 hours ago

Federal Reserve Chair Jerome Powell announced on April 29, 2026, that he will remain on the Board of Governors after his chairmanship ends May 15, becoming the first outgoing chair to do so since Marriner Eccles in 1948. Powell cited "unprecedented" legal attacks from the Trump administration as his motivation, a move that denies the White House an additional vacancy on the seven-member board and sets up a rare "two Popes" dynamic with incoming chair nominee Kevin Warsh.