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Why Jerome Powell Refuses to Leave the Fed – TON BOT

Why Jerome Powell Refuses to Leave the Fed

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Jerome Powell announced at his final FOMC press conference that he will remain on the Federal Reserve Board of Governors past May 15 due to legal attacks on the institution. The decision led to a drop in Bitcoin prices and a collapse in rate cut odds for 2026. Powell cited the DOJ investigation into the Fed’s headquarters renovation as his reason for staying. Treasury Secretary Bessent criticized Powell’s decision, calling it a breach of tradition. The FOMC meeting also saw four dissents, signaling a potential hike in rates. Powell’s governor term runs through January 2028.

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