End of an era.

Jerome Powell delivered his final press conference as Federal Reserve Chair on April 29, 2026 His term as Chair officially ends on May 15, 2026 Powell announced that he plans to remain on the Federal Reserve Board of Governors for an unspecified period after stepping down as Chair His separate term as a governor is set to run until January 2028, although the exact duration of his continued service remains unclear President Trump's nominee Kevin Warsh has advanced through the Senate Banking Committee and is expected to succeed him as Chair