"Federal Reserve mouthpiece": Powell's potential retention as a governor after stepping down may be aimed at maintaining policy stability and institutional independence.

Nick Timiraos, a well-known mouthpiece for the Federal Reserve, cited sources familiar with the matter as saying that Jerome Powell plans to remain on the Federal Reserve Board of Governors after stepping down as Chairman in May 2026. This is historically rare, and his decision is believed to be related to a series of recent institutional and legal uncertainties. Powell's primary aim in remaining on the board is reportedly to maintain monetary policy continuity during this critical phase, ensuring the Fed can operate independently within the existing framework. Sources say that related investigations and institutional controversies have, to some extent, strengthened his willingness to continue serving. Analysts believe that while this move may help stabilize policy expectations, it could also impact the transition to a new chairman and internal decision-making mechanisms, leaving the length of his term and his future role uncertain. (Jinshi)