Powell's personal lawyer stated: If the criminal investigation continues, Powell will not voluntarily leave the Federal Reserve Board after his term as chairman ends in May (he will continue to serve as a Fed governor until 2028). The subtext is: if you back off, once my term as Fed chairman is over, I’ll also resign from the Fed governor position. Looks like Trump has achieved his goal—there will be another one of his own people on the Fed Board. The previously discussed scenario of the Fed's 'shadow chairman' https://(x.com)/qinbafrank/status/2011444495821549736?s=46&t=k6rimWsEbo2D2tXolYcM-A might not happen.