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 ... (full story)