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Jerome Powell could stay at the Fed even after being removed as chair. Here’s what that means
The saga over President Donald Trump’s efforts to reshape the Federal Reserve has another twist to it revolving over whether current Chair Jerome Powell will leave after his term at the helm is finished. Powell is done as the central bank leader on May 15, and it’s highly likely Trump will nominate his successor long before then. In fact, Treasury Secretary Scott Bessent told CNBC on Tuesday that the long-awaited pick could come as soon as next week. However, Powell’s 14-year term as governor stretches all the way to Jan. 31, 2028. Historical precedent has been for almost all outgoing Fed chairs to leave their ... (full story)
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After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent said Tuesday. The president has whittled down the field to four candidates to succeed current Chair Jerome Powell and a decision is forthcoming, Bessent told CNBC during an interview at the ...
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From beemarkets.com | Jan 20, 2026
Japan's 30-year government bond yield has surged to a historic high, climbing 30 basis points in a single session to hit 3.90%. This unprecedented move is sending shockwaves through financial markets, raising serious questions about stability and what it could signal for Bitcoin and the broader crypto ecosystem. The recent surge in Japanese government bond ...
