Federal Reserve Chair Jerome Powell has declined to confirm whether he will remain on the Federal Reserve Board after his term as Chair ends on May 15. This decision was made during this week's FOMC meeting, as reported by Nick Timiraos. Powell's term as a board member extends until 2028, and his continued presence could prevent Mullaney from taking a seat, countering Trump's influence over the Fed. Powell's stance is seen as a strategic move to maintain independence from the administration.