Fed governors typically step down before their terms expire, but they may stay on until a president from their political party is in the White House.
The Federal Reserve’s power: Congress giveth and Congress can taketh away
August 2, 2025
Jerome Powell’s Federal Reserve holds rates steady despite immense pressure from Trump to cut, cut, cut
BY MARCO QUIROZ-GUTIERREZ
July 30, 2025
Independent central banks can more easily take unpopular steps to fight inflation, such as raise interest rates, which makes…
The saga over President Donald Trump's efforts to reshape the Federal Reserve has another twist.
While there is little doubt about the outcome of the Fed meeting, there are still questions over who exactly will be voting.
The Fed chief's separate seat on the Fed's Board of Governors does not expire for two more years.
Fed faces uncertain future as chairman, known for his backbone rather than economic steerage, steps down
But it won't be enough to help most Americans afford a home.
