Americas
2026.05.17 03:02 GMT+8

U.S. Federal Reserve Chair to end eight-year term

Updated 2026.05.17 03:02 GMT+8
Kate Fisher

U.S. Federal Reserve Chair Jerome Powell’s eight-year term ends this week, but unlike most of his predecessors he will stay on as a governor of the central bank. 

During Powell’s tenure, a global pandemic spiked unemployment, inflation soared higher than it’s been in 40 years, and U.S. President Donald Trump tried to undermine the Fed’s independence. 

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