Powell's term as Fed chair expires in which month of 2026?

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Jerome Powell's term as Federal Reserve chair expires in May 2026, though his term as a board governor extends through 2028. The timing of the DOJ investigation—just months before his chair term ends—has raised questions about political motivation. When prior Fed chairs have stepped down from the chair position, they typically resign from the board as well, though Powell could choose to remain on the board. Trump has repeatedly criticized Powell and previously suggested he might try to fire him, though Fed chairs are removable only "for cause" under federal law.

Powell's term as Fed chair expires in which month of 2026?

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