Federal Reserve Chair Jerome Powell’s term is set to expire, and uncertainty remains over whether he will be reappointed as governor

Jinse Finance reported that on April 25, Federal Reserve Chairman Jerome Powell may be in the final weeks of his central banking career. Following the Department of Justice's decision on Friday, he now faces a choice: whether to continue serving at the institution. U.S. Attorney Jeanine Pirro posted on social media announcing that she will transfer the criminal investigation into the Federal Reserve headquarters renovation to the central bank's internal inspector general, effectively making the Department of Justice temporarily withdraw from the investigation. Krishna Guha, Head of Global Policy and Central Bank Strategy at Evercore ISI, stated in a report: “Powell has remained tight-lipped. If this investigation had not occurred, we believed he would have left the Federal Reserve completely on May 15. But we think the Department of Justice’s move may have come too late—and the threat of the investigation being reopened is too uncertain—for Powell to leave on May 15.” Guha speculates that on the contrary, Powell may continue to stay on for some time, even if he does not fully serve out his term as a governor, which expires in January 2028.