Jerome Powell's current term as Chair of the Federal Reserve ends in May 2026. Specifically, his term runs through May 15, 2026. He was sworn in for his second four-year term on May 23, 2022. While Powell’s term as Chair ends in May 2026, he can remain on the Federal Reserve Board as a governor until his term as governor expires in January 2028 unless he decides to step down earlier. The next Fed Chair will be chosen thereafter, and there is active discussion about finding Powell's successor already taking place.
