Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Thursday Dec 4 2025 00:00
1 min
As the US President approaches the announcement of a potential successor to Federal Reserve Chair Jerome Powell, questions arise regarding Powell's future and potential role within the central bank.
Deutsche Bank highlighted in a recent report the possibility of Powell remaining as a member of the Federal Reserve Board of Governors after his term as Chairman concludes. Jim Reid of Deutsche Bank pointed out that this is legally permissible, although prevailing norms suggest otherwise.
Historically, only two former Fed Chairs have remained on the Board after their chairmanship ended. The first was Charles Hamlin, the first Fed Chair, who continued as a Board member for twenty years after his term expired in 1916. The second was Marriner Eccles, who remained on the Board after being sidelined by President Truman in 1948.
Eccles defended the central bank's independence by remaining on the Board, which might resonate with Powell given current political circumstances.
If Powell perceives a threat to the Fed's independence, he might choose to remain on the Board after his term as Chairman concludes in 2026. By retaining his seat on the Federal Open Market Committee (FOMC), he would still have a vote in monetary policy decisions.
However, this decision largely depends on who the next Fed Chair is and the political climate at the time. It remains to be seen whether Powell will take this unusual path, but history provides some relevant examples.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Wednesday, 12 August 2026
7 min
Tuesday, 11 August 2026
6 min
Tuesday, 11 August 2026
5 min
Wednesday, 12 August 2026
Indices
Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets
Wednesday, 12 August 2026
Indices
TSMC Stock Rises 1.7% as AI Infrastructure Rally Lifts Chip Sector
Wednesday, 12 August 2026
Indices
USD/JPY forecast: Rate gap limits impact of US and Japanese intervention
Wednesday, 12 August 2026
Indices
KOSPI Jumps Nearly 5% as SK Hynix Surges 7% and Asian Chip Rally Accelerates
Tuesday, 11 August 2026
Indices
Gold Price Today, August 12, 2026: XAU/USD Rises 0.5% Near $4,400 Ahead of US CPI
Tuesday, 11 August 2026
Indices
Oil Nears $90 as Fading U.S.-Iran Deal Hopes Renew Hormuz Supply Fears
EN
