Jerome Powell could stay at the Fed even after being removed as chair. Here's what that means [CNBC]
Evercore Inc. Class A (EVR)
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meeting at the Federal Reserve on December 10, 2025 in Washington, DC. The Fed announced it has lowered interest rates by a quarter of a percentage point to a range of 3.5 percent to 3.75 percent in the third rate cut this year. (Photo by Chip Somodevilla/Getty Images) Chip Somodevilla | Getty Images News | Getty Images The saga over President Donald Trump's efforts to reshape the Federal Reserve has another twist to it revolving over whether current Chair Jerome Powell will leave after his term at the helm is finished. Powell is done as the central bank leader on May 15, and it's highly likely Trump will nominate his successor long before then. In fact, Treasury Secretary Scott Bessent told CNBC on Tuesday that the long-awaited pick could come as soon as next week. However, Powell's 14-year term as governor stretches all the way to Jan. 31, 2028. Historical precedent has been for almost all outgoing Fed chairs to leave their governor roles as well, but Powell could decide t
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EVR
Earnings
- 10/29/25 - Beat
EVR
Sec Filings
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- 12/11/25 - Form 4
- 12/9/25 - Form 144
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