Powell's move is quite interesting, staying on but not stealing the spotlight, quietly waiting for the FOMC to return—an old hand.

ME News says that although Powell’s manner of staying on is unusual, he will conduct himself quietly during his term on the board and will not “shadow” the chair by challenging Wosch. If he follows through on his words, he may return to the FOMC and express a more mild view on interest-rate issues. Although he no longer leads policy, due to his 14-year term on the board and the misaligned structure, he still has influence over the Federal Reserve’s future. If Powell were to leave office, Trump could have nominated Wosch to take over the remaining term and leave a seat for a potential nominee, but in reality, Wosch can only fill the Milan seat.