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Powell Exit Decision Looms

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Powell Exit Decision Looms

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Benzinga

96 Views • Apr 27, 2026

Description

Federal Reserve Chair Jerome Powell faces a decision on whether to remain at the central bank after the DOJ referred a criminal probe into Fed headquarters renovations to the inspector general. Powell has said he would stay until the probe is resolved. Trump has threatened to fire Powell if he does not step down. Markets are watching Powell's upcoming comments and the Senate's consideration of Kevin Warsh as his potential successor.