[Hassett: Powell's continued role as a Federal Reserve governor may impact rate cuts] Golden Finance reported on April 30 that White House advisor Hassett claimed if Powell remains as a Federal Reserve governor after his term as Fed Chair expires in May, it might affect (President Trump's proposed) rate cuts. Powell should leave the Federal Reserve. Fed Chair nominee Kevin Warsh has not made any guarantees regarding (Trump's rate cut demands); he will make decisions based on data.