"The Fed's mouthpiece": Powell's actions constrain Trump's ability to "unleash his power" at the Fed.

PANews reported on March 19th that, according to Jinshi News, Nick Timiraos, a well-known voice within the Federal Reserve, stated that Federal Reserve Chairman Jerome Powell indicated he will continue to serve as Fed Chairman if a successor is not identified before his term ends on May 15th. This is his most direct statement to date regarding the upcoming leadership transition at the Fed. Powell further stated that he will not leave the Federal Reserve Board of Governors as long as the Justice Department's investigation into him continues. Powell indicated he has not yet decided whether he will continue to serve on the Federal Reserve Board of Governors if the investigation concludes and a successor is appointed. It is currently confirmed that Powell can serve on the Federal Reserve Board of Governors until 2028 after his term as chairman ends. Powell's decision has a significant impact on Trump's ability to restructure the Federal Reserve. If Powell remains on the Board, Trump will lose someone he could have personally appointed. Currently, three of the seven members of the Federal Reserve Board of Governors were appointed by Trump.