Jerome Powell to remain on Fed board, Warsh expected as next chair
Tech Jerome Powell to remain on Fed board, Warsh expected as next chair ## Market Snapshot Jerome Powells status as Fed Chair is currently priced at 1.3% YES for an exit by May 14, 2026, with significant strengthening in later dates. The May 31 sub-market shows 97.8% YES, indicating increased confidence in his departure by that date. ## Key Takeaways – Market activity suggests that Powell‘s decision to remain as a governor is consistent with a YES outcome for his departure as Fed Chair by May 31. – Powell’s continued presence on the board may indicate heightened political tension, impacting Fed Chair confirmation predictions. – Recent developments appear consistent with scenarios where Powell steps down from the chair position, as evidenced by market movement towards later confirmation dates. ## Article Body Jerome Powell has announced his decision to remain on the Federal Reserve Board as a governor after his term as chair ends next month. This move is seen as a strategic effort to mitigate political pressure from the Trump administration, which has launched a DOJ investigation into Powell. The investigation, ostensibly about a renovation project, has been described by Powell as a vehicle for influencing monetary policy. Kevin Warsh is expected to succeed