FB_IMG_1751236143856

THERE IS A BUNCH OF CRAP GOING ON BETWEEN POWELL AND TRUMP...HERE IS TRUTH. Jerome Powell's term as the Federal Reserve Chairman ends in May 2026. His term as a member of the Board of Governors extends to January 31, 2028. Powell was sworn in for his second term as chair on May 23, 2022. SO ON MAY, 2026 TRUMP CAN NOMINATE A REPLACEMENT FOR POWELL. Yes, a President can nominate a new Federal Reserve Chair, and this nomination goes through a Senate confirmation process. Here's how the process generally works: The President of the United States nominates a candidate to serve as the Chair of the Federal Reserve Board of Governors. The nominee must be confirmed by the United States Senate. The Fed Chair serves a four-year term, which is renewable upon re-nomination by the President and re-confirmation by the Senate. The Fed Chair is selected from among the members of the Federal Reserve Board of Governors, who are appointed to longer, staggered terms (14 years). Therefore, even if a Fed Chair has different political views than the President, the President can still nominate a replacement when the Chair's term expires... Replacing a Federal Reserve (Fed) Chair, like Jerome Powell, involves a formal process overseen by the U.S. President and requires Senate confirmation. 1. Nomination by the president The President nominates a candidate for the position of Fed Chair from among the Board of Governors, according to Wikipedia. It's important to note that the Chair can be selected from outside the Board, but the individual must first be nominated and confirmed as a Board member before becoming Chair. 2. Senate confirmation The nomination is then sent to the Senate for its consideration. The Senate Committee on Banking, Housing, and Urban Affairs is typically responsible for vetting and holding hearings on the nominee. After the committee stage, the nomination may be brought to the full Senate for a vote. Confirmation of the Fed Chair requires a simple majority vote in the Senate. 3. Presidential appointment If confirmed by the Senate, the President signs a commission for the nominee, and they are sworn into office, according to the Center for Presidential Transition. Recent developments regarding Powell Jerome Powell is currently serving his second term as Fed Chair, which ends in May 2026. His term as a member of the Board of Governors extends until January 31, 2028. There have been public discussions and speculation about a potential replacement for Powell, particularly from political figures. In July 2025, Treasury Secretary Scott Bessent confirmed that a formal process to identify a successor for Powell had begun within the administration. Bessent noted that the decision and timeline for announcing a new Fed Chair would be determined by the President. Powell has remained silent on whether he would step down from the Board of Governors if his term as Chair concludes. While the President has the power to remove a Board member for cause (e.g., malfeasance), removing the Chair for policy differences is not straightforward and could face legal challenges. Important Note: The independence of the Federal Reserve is a crucial principle, aimed at allowing the central bank to make decisions based on economic data and stability rather than short-term political pressures. congress gov