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Event Brief

Powell says he will stay on Fed board after chair term ends

Jerome Powell said he will step aside as chair in May but remain on the Fed board until 2028.
WHO: Jerome Powell
WHAT: Powell said he will remain on the board of governors after his chair term ends
WHEN: Apr 29, 2026 at 6:35 PM ET
WHERE: Location not specified
WHY: No specific cause was reported.
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