Powell's Fed Exit: Smoother Transitions Ahead?
Update: 2025-12-25
Description
Jerome Powell, the Federal Reserve chair, may soon leave his post completely, ending his term on May 15, 2026. Recent developments suggest he might step down earlier than expected, following the reappointment of all regional Fed presidents. The Trump administrations decision to back off from imposing new conditions on these presidents has eased concerns of a purge. Powell has faced criticism from Trump for not cutting rates faster and has been threatened with removal. Experts believe the reappointments clear the path for Powell to exit gracefully, with Christopher Hodge of Natixis stating that Powell is unlikely to stay for a vote on the committee. Robert Kaplan, former Dallas Fed president, emphasizes the importance of a smooth transition, urging Powell to hand off cleanly like a CEO leaving for their successor.
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