Powell will be tempted to stay as a Governor beyond May, former Fed vice chair says

The article discusses Fed Chairman Powell's potential to remain in his position beyond May when his term ends. Former Fed vice chair Don Kohn remarked that Powell might be tempted to stay on if he believes leaving could endanger the Fed's independence. Powell's long-standing efforts in building Congressional relationships have garnered him bipartisan support, particularly from Republican Senators Tillis and Thune. This backing may influence potential nominations and lead to a scenario where Powell could remain in his position, thus impacting future monetary policy significantly. Market participants are advised to monitor Powell's decisions closely as they hold crucial implications for the integrity of the Fed.