Jerome Powell to remain on Fed board, cites legal pressure from Trump
Jerome Powell announced he will remain on the Federal Reserve Board of Governors after his term as chair ends next month, citing legal pressure from former President Donald Trump. Kevin Warsh will succeed Powell as Fed chair, and Powell said he will stay on as a governor for an unspecified interval while an internal investigation into the Fed's office renovation concludes. By staying on the board Powell preserves continuity in Fed policymaking and restricts the administration's immediate ability to replace him, limiting how quickly the White House can reshape central bank leadership.
🚨 WOW! BIG news here! Jerome Powell says he will remain on the Fed board after stepping down as chair—a move not seen since 1948. He specifically pointed to legal pressure from Donald Trump and the need to ensure Fed independence. Trump’s attacks have backfired in a big way.
Fal Rising218Powell will go down in history as one of the few, if not the only, right-leaning officials who stood his ground against Trump’s demands and remained impartial to the institution he served
pack65.bsky.social81Dude gets it. Few stand up to orange guy as he did
Red28He's is no way scared of Trump.
Hardworking American - Tired of Chaos 26Jerome Powell cares about working people, savers, and those attempting to retire someday.
Middlerage24when do Trump's attacks not backfire??? honestly. they always do.
Devourer of Wordles21I was hoping this would be the case. Glad to see it is.
Danni N. Boyer🇨🇦🇩🇰🇺🇦14Chair Powell is a brilliant man and a total badass. Shame GOP in Congress can’t even come close to growing a pair like Powell’s
Kalavender10A weight has been lifted from my chest. Have so much respect for this man who will not grovel no matter how much Trump bullies him. He will be remember as the honest man he is.
@BohunkHusker10WHOOOOOO!!!!! THAT'S SPINE, hey #GOP , take note.
MadGreek 🧿9Hahahaha Trump: "Where's the damn ketchup?" 😝
alanroselius5.bsky.social8Good move for the country
fintechernest.bsky.social8The ‘stable genius’, always winning.
T-Fish🇨🇦🍁8Excellent news. Nice to see some have some integrity dealing with this administration
David7Trump is one huge walking, talking disaster. cbwrong.blogspot.com/2026/04/viol...
Drew Webb 🏳️🌈6So he can be renominated for the chair?
Shannon6Up your ass, I’m not resigning until the latest possible date, fuck you, signed J. Powell
Ben5Poor guy deserves to retire. Let's give him a government that will allow it in 2028.
JP4jerome powell is a true patriot 🦅🇺🇸
bakertrade.bsky.social4Powell has shown the backbone that is missing from those in the Republican Party. They should be ashamed but shame requires a conscience.
4Qua Of Orion [ General NobuNaga Version ]4#Fed meeting recap: #Powell to stay on board – Trump’s legal attacks have ‘left me no choice’ Source CNBC #China #Beijing #Shanghai #Guangzhou #Shenzhen #Chen #Wuhan #Algeria #Ghana #Kenya #Libya #Nigeria #Rwanda #Somalia #Sudan #Japan #Tokyo #Osaka #Taiwan #Seoul
Matt Zivich4To have the Fed remain independent of the federal government, I am both happy and relieved that Jerome Powell decided it was a great time to stick around--albeit keeping a lower profile.
Diane 🌙4wild that Powell staying on the board is basically his way of saying "nice try tho." Trump wanted him gone and now he's *more* entrenched lol
Old Gen-X Man4Wow! A man actually standing up to Trump.
Kat 🌞3Wouldn't it be great if every politician went to work everyday with the Powell Attitude? Don't be intimidated Don't cave Don't surrender Do your job you were sent to do. No excuses
john4eagles.bsky.social3Just his narcissism biting him again in his fat ass.
🇺🇸🇨🇿🇺🇦⚫3The only patriot in the current regime. I hope he gets the Profile in Courage award next year.
noahs-arc0602.bsky.social3The dude likely would love to retire but buckling to trump is not in his agenda👏👏👏💙
🅹🅴🆁🅾🅼🅴 🅶🆄🆈3I don't understand why trump is whining... Powell is a republican and he was appointed by Trump, he's hiring only the best.
Kat3It becomes more obvious every day that if we want to end this regime, we the people, have to take down the big money that supports this regime. Our Congress isn't working for us. We, the 99%, have immense power in our spending. Quit Amazon and all the others. You have alternatives and POWER!
Ah Sierra3HUGE. When the MAGA morons lose, they double down and do really stupid things. Trump and his toadies will go on the attack again, and maybe try a new indictment of Powell... This will enrage the MAGA morons.
ScruffyR (NO LISTS!)3His bullying has lost its oomph. The world knows what an inept 🤡 he is. Good for Powell!
Michael John Lalikos2Gotta out live our Dear Leader!
falalala50.bsky.social2Best news on a bad news day!!! Hooray for Powell having the cojones that no one in the GOP seems to have, and for standing up to Trump again!
AZ_Blue 🚫👑☮️🕊️🇺🇦🚫🧊2Folks, we have an American remaining! They are getting further and fewer!
highalt1k.bsky.social2I think you meant backfired biggly. 😉
CarolinaCalling2Jerome Powell is the good guy big balls.
qconcordia.bsky.social2Only adult in the room. Much respect, Powell.
Victor Lipman.2important for folks to simply stand up to Trump, as they would to any president. members of Congress, take note 😐🇺🇸
BREAKING: Jerome Powell says he'll remain on the Fed board as a governor — at least until the resolution of legal challenges Trump has mounted against the central bank. Powell's term allows him to remain at the Fed until 2028, but for decades, chairs have left when their successor is installed.
🅹🅴🆁🅾🅼🅴 🅶🆄🆈34For decades the sitting president wasn't a threat to the FED...
westvillagecrank.bsky.social17If I were Powell, I would hire a food-taster, full-time security, and I would turn my mobile phone off. Forever.
Me-Shell, myself and I14Powell has more love of country then trump or anyone supporting his traitorous behavior
notthecoolest.bsky.social11Worth noting the other Fed Chair who broke this norm was Marriner Eccles in the 40s, who stuck around as Governor after his term as Chair ended because he felt he needed to help protect the Fed from attacks against it's independence. The past doesn't always repeat, but it frequently rhymes.
Big G7Republicans have thrown tradition to the wind. Hope he stays until 2028.
Netty Bo Betty7Agree or disagree with his policies, he‘s truly doing what he believes to be the right thing. If it wasn’t for Trump’s lies and destructive actions involving the Federal Reserve Powell could have enjoyed his retirement. Now he’s staying to defend the Fed.
gl00mbrd.bsky.social5Hopefully he holds his ground and doesn’t cave to trump on this
Powell has given the U.S. a great gift by remaining a governor -- a voice for fiscal sanity. Powell is an important ally of democracy, but we all have a part to play if we want to keep it.
Tracy Whitney3It’s wonderful to see someone fighting back!
Crazy Mary antifascist3I was hoping he stayed
Sometimes Poet2Thank you, Jerome Powell. A true American hero standing up to the foul, treasonous Trump.
Debbie Coffee2In all those decades, was THEIR Central Bank in the middle of fighting such ridiculous legal challenges?
Craig M.2It will annoy Cheeto; for that alone, this is a good thing. And there are *many* reasons to like this.
noahs-arc0602.bsky.social2How many chairs had president pressure by a bully like Trump
🕊GIVE PEACE A CHANCE🕊2Powell has done an amazing job, even under immense duress! That's a sign that he might actually love his work! Still, I hope he realizes how much we all appreciate him staying on until 2028!
robertswartz.bsky.social2For decades the serving President wasn't trying to take operational control of the Federal Reserve. This is the right move after they dropped but didn't drop their investigation.
SailorLife2So hoping he can help stave off hyperinflation.
FOX NEWS: On Jerome Powell, you have until May 4 to decide whether you're gonna appeal the quashed subpoena against the Fed. Have you made a decision? PIRRO: Oh, there's no question but that we will appeal Judge Boasberg's quashing of our subpoenas. You've got billions in cost overruns.
TwoWheelsDC63she should start investigating the Pentagon if she thinks cost overruns are a criminal conspiracy
Kimberly ☀️33Everything is so stupid right now I can hardly deal with it.
Matthew Martin14I cant wait for the pendulum to swing back and these smug fox assholes all get what they deserve. All of them.
Randy Herman12Where is Tillis? I have an award to give him.
RebelLulu10So this case ISN'T closed. Shocker.
Sonvar8Is Thom Tillis paying attention? Supposedly he got assurances this would be dropped and this indicates otherwise.
jmorgan7.bsky.social5So, if you can be prosecuted for cost overruns then Trump needs to be in handcuffs. The ballroom cost has increased from 200 million to 400 million in a year and climbing.
P Collirigger4Because your average Fox News viewer thinks that cost overruns means a criminal act occurred.
Mr. International3So, do a lot of US Attorneys go on TV every week?
flyflicker.bsky.social3It's so refreshing that Trump has gotten rid of activist liberal judges and replaced them with unbiased people who carefully consider evidence before they pronounce sentence.
vtvball.bsky.social3Who had Jerome Powell as an American hero on their card? Thank goodness
Videosmith3We pay billions in legal fees too, from their meritless appeals...
Susan McPherson3What you say, Thom Tillis?
Bensmom332Billions? I'll be looking forward to seeing your "evidence" of that.
jmcb11.bsky.social2now let’s check the contracts on the reflecting pool and the destruction of the east wing, I mean “ballroom”
Saint Sherman - The Ultimate Patriot2Is Pirro still obsessed with torturing young boys?
Jadedreviewer 🚫🧊2The amount allocated just for makeup for this admin must be in the millions.
Paul A.2Billions? That seems like an exaggeration or, dare I say, a lie.
defiant6.bsky.social2Billions for a building, really. No my bad billions overrun on cost. That means it cost many billions. Wow my maths computer is blowing up. Is it a gold guided ballroom for a king. My bad, wrong building.
Elderly White Hippie2Billions? These are not serious people.
annabellelecter.bsky.social2Laughing in bulldozed East Wing
Chris Panza2And a cost overrun is a federal crime because....
Dr.Mike 🚫👑❌2We are still trying to subpoena them. Do not vote for trumps toady until they stop. Guess what, dipshit, nobody is getting approved.
Tangerine Twit Troll2Hey #DrunkJudgeJeanine - what are you going to do about the billions your #OrangeBoss is spending on the war that no one authorized?
NotafanofFacism2Gee, if only we could’ve seen this coming. Oh wait…….
