BlockBeats news, on November 15, at an event in Dallas, when asked whether he would consider becoming the first Fed chairman in more than 70 years to remain a Fed governor after the end of his term, Fed Chairman Powell simply stated that he would be committed to completing the chairmanship. term of office.
Powell said, “I must serve to the end. This is the most important thing during my term. This is what I have decided and what I have considered.”
Powell’s term as a member of the Board of Governors expires in January 2028. The last former Fed chair to serve beyond the end of his term was Marina Eccles, who stepped down as Fed chairman in January 1948, but did not serve until He only resigned (director) in July 1951. (Golden Ten)
