# One of the Experts Closest to the Fed Commented on Today's Decision and Jerome Powell's Statements! An Important Detail Was Missed

According to journalist Nick Timiraos, known for his close ties to the Federal Reserve System, Federal Reserve Chair Jerome Powell conveyed important messages regarding his role in this institution in connection with the approaching end of his term.

Powell's statements could have serious consequences for the upcoming leadership transition and the political balance in Washington.

Powell hinted that he could remain as chair if a successor is not appointed before his term ends on May 15. This statement is the clearest assessment to date of the possible succession process at the Federal Reserve.

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On the other hand, Powell stated that he will not resign from the Federal Reserve Board of Governors while an investigation conducted by the Department of Justice against him continues.

Powell also stated that he has not yet made a final decision on whether he will continue his work on the Federal Reserve Board of Governors if the investigation concludes and a new chair is appointed. In accordance with current legislation, Powell has the right to hold the position of Federal Reserve Board member until 2028 after his term as chair ends.

This situation is also closely connected to U.S. President Donald Trump's sphere of influence over the Federal Reserve System. According to Timiraos, if Powell remains on the Board of Governors, the seat that Trump can directly appoint will disappear. The fact that three of the seven Federal Reserve Board members are currently appointed by Trump makes this balance even more significant.