Federal Reserve Chairman Powell's term is about to expire, and there is still uncertainty about whether he will remain as a board member.

Federal Reserve Chairman Jerome Powell may be in the last few weeks of his central bank leadership career. After the Department of Justice made a decision on Friday, he now faces a choice: whether to continue serving at the institution. US prosecutor Jenny Piero announced on social media that she has transferred the criminal investigation into the renovation of the Federal Reserve headquarters to the central bank's internal watchdog, effectively temporarily withdrawing the Department of Justice from the investigation. Krishna Guha, Managing Director of Global Policy and Central Bank Strategy at Evercore ISI, said in a report, "Powell has remained tight-lipped. If this investigation had not happened, we think he would have left the Fed on May 15th. But we believe the Department of Justice's move may have come too late - and the threat of the investigation restarting is too uncertain - for Powell to leave on May 15th." Guha speculates that instead, Powell may continue to serve for a while, even if he does not fully complete his term as governor which expires in January 2028.