Powell "threatens" the Trump administration: If the investigation continues, he will remain a Federal Reserve Board member until January 2028

Powell sent a strong signal to the Trump administration through his lawyer: if the criminal investigation into his overspending case continues, he will remain on the board until 2028 after his term as chairman ends in May. Although the court has quashed the subpoena and criticized the government's harassment, the Department of Justice insists on appealing. This deadlock has caused the nomination of his successor, Walsh, to be stalled in the Senate, and the market is facing an unprecedented situation where the former chairman may remain on the board for an extended period, intensifying the game of independence for the Federal Reserve