Fact checkTechPublished June 1, 2026
Jerome Powell: “Fed chair Jerome Powell said he will stay on the central bank's board after his term as chair ends next month, as the Fed held rates steady.”. Our verdict: True.

The claim

“Fed chair Jerome Powell said he will stay on the central bank's board after his term as chair ends next month, as the Fed held rates steady.”

Jerome PowellStatementApril 29, 2026Read the original

Powell's press conference after the April 2026 FOMC meeting.

Our verdict

True

On 29 April 2026 the Fed held rates and Powell said he would remain a governor after his chair term ended on 15 May.

What we found

Powell's term as governor runs to 2028. The claim is accurate.

The evidence

2 of 2 sources support the claim; none contradict it.

Contradict 0Support 2Background 0
  • Supports the claim

    The Fed held rates steady; Powell said he would stay on the board. [1]

  • Supports the claim

    Powell announced he will stay on as a Fed governor after leaving the chair. [2]

How we checked

We checked the claim against ABC News, The MortgagePoint. We reviewed 2 relevant sources.

Sources

  1. [1]ABC News · Fed expected to hold interest rates steady
  2. [2]The MortgagePoint · Fed names Powell temporary chair until Warsh is sworn in

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