Trump says that Powell will leave his office in eight months

During a meeting, Trump stated that Powell will exit his role as Fed Chair in 8 months but will stay on the board until 2028. Powell’s official term as chair concludes in 10 months, and he has consistently denied plans for an early departure.

Recent comments from Federal Housing Director Pulte on Powell’s possible resignation clashed with reports suggesting that Powell has officially resigned, which have since been proven false. Powell has firmly rejected the idea of stepping down early before his term ends.