Powell's term as Fed Chairman will expire in May 2026, and he has said he will not resign voluntarily

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According to Reuters reported by ChainCatcher, Powell previously stated that U.S. law does not allow the president to remove him, and even if Trump requests his resignation, he would not voluntarily step down and plans to complete his full term, continuing to serve as the Federal Reserve Chair until May 2026.

Additionally, Powell's term as a member of the Federal Reserve Board will continue until January 2028. He also stated this week that he believes the case currently being heard by the U.S. Supreme Court is unlikely to apply to the Federal Reserve.

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