Powell vows to complete his term as Federal Reserve chairman.

According to informed sources, Federal Reserve Chairman Jerome Powell revealed on Friday to those around him that he intends to complete his term until May 2026, refusing to succumb to the pressure from President Trump's repeated public calls for his resignation. Powell privately emphasized that resigning voluntarily amidst continuous White House pressure on the Fed to cut interest rates before the midterm elections next year would harm the central bank's independence.