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When Trump replaces Powell next year, the odds of the Fed doing something other than bathing a crisis in liquidity goes way up.


To add some context -

Powell's 4-year term ends January 31, 2026. Whether he is reconfirmed by the Senate for another term is an open question.


Uhh... Powell's term as chairman ends in May 2026. His term as a board member ends Jan 2028. Senate confirmation is irrelevant because Trump will not nominate him again for anything.


Bah, you are correct [1]. I got my date from the Wikipedia page and apparently it's wrong.

[1] https://www.congress.gov/crs-product/R48233

[2] https://en.wikipedia.org/wiki/Jerome_Powell#Federal_Reserve_...


Only measured in USD though.




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