US Fed chair Jerome Powell who stood up to Trump set to finish tenure on top
Federal Reserve Chair Jerome Powell is set to conclude his tenure as chair amid widespread recognition for defending the central bank's independence, particularly against pressure from President Donald Trump. After facing months of public attacks and a controversial Justice Department investigation, the probe was dropped, marking a turning point in the standoff. Powell has signaled he may remain on the Fed board beyond his chairmanship, ensuring continuity and denying Trump an additional nomination. His tenure, marked by decisive actions during crises and political challenges, has drawn both praise and criticism.
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US Fed chair Jerome Powell who stood up to Trump set to finish tenure on topSign up now: Get ST's newsletters delivered to your inboxUS Federal Reserve Chair Jerome Powell received praise and criticism during his tenure as he maintained the central bank's independence.PHOTO: REUTERSPublished Apr 29, 2026, 11:05 AMUpdated Apr 29, 2026, 11:05 AMWASHINGTON – US Federal Reserve Chair Jerome Powell, a soft-spoken central banker who chooses his words carefully, is perhaps an unlikely candidate to become one of the few figures who have stood up to President Donald Trump.
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