Jerome Powell could stay at the Fed even after being removed as chair. Here's what that means
CNBC·2026-01-21 03:12
WASHINGTON, DC - DECEMBER 10: Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on December 10, 2025 in Washington, DC. The Fed announced it has lowered interest rates by a quarter of a percentage point to a range of 3.5 percent to 3.75 percent in the third rate cut this year. (Photo by Chip Somodevilla/Getty Images)The saga over President Donald Trump's efforts to reshape the Federal Reserve has another twist to ...