Jerome Powell's term as a Federal Reserve governor extends through January 2028, following the end of his second four-year chairmanship on May 15, 2026, when Kevin Warsh assumed the role. Powell has publicly committed to remaining on the Board of Governors for an undetermined period after stepping down as chair, citing the need to see through an inspector general review of headquarters renovations and to safeguard institutional independence amid political pressures. This stance, combined with the absence of any resignation signals or confirmed departure timeline in the weeks since the transition, anchors trader expectations around his continued service. Key upcoming factors include the pace of the ongoing investigation and any shifts in administration policy that could influence Board dynamics or prompt an earlier exit before the statutory term concludes.