In a development that could send shockwaves through financial markets, Federal Reserve Chair Jerome Powell is reportedly considering resigning from his position, according to sources familiar with the matter.
While no official statement has been issued by Powell or the Federal Reserve, the news has sparked widespread speculation about the potential reasons behind the move and its timing, particularly as the central bank continues to navigate inflation pressures and economic uncertainty.
Powell, who was first appointed by President Donald Trump in 2018 and reappointed by President Joe Biden in 2022, has been at the helm of the Fed during a series of historic challenges — from the COVID-19 pandemic to record inflation and ongoing debates over interest rate policy.
Market analysts warn that Powell’s possible resignation could create short-term volatility, especially as investors and lawmakers look for signs of continuity or disruption in the Fed’s policy direction.
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Author: Marty Kaufmann
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