[45405] Drama at the Federal Reserve: Jerome Powell announces the end of his role as Chairman

Shake-up in the US economic leadership: Powell concludes his role

During a day full of events on April 30, 2026, the Federal Reserve (the US Central Bank) announced its decision to leave interest rates unchanged, in the range between 3.50% and 3.75%. The announcement followed reports published by the Sputnik Türkiye channel, which is close to the Russian government and closely monitors the effects of US monetary policy on global markets.

The real drama was noted in the statement by Federal Reserve Chairman Jerome Powell. As reported by İPEK ARDIÇ İLE GÜNDEM, Powell provided a dramatic update regarding his professional future. Powell clarified that on May 15, 2026, he would end his role as Chairman of the Bank, but noted that he would continue to serve as a member of the Board of Governors for some time, in order to ensure the completion of transparency and oversight procedures at the institution.

In a quote brought by the Sputnik Türkiye channel, Powell stated: "I promised that I would not leave the Board of Governors until this investigation is fully completed with transparency and accuracy, and I stand by my word". This response comes against the backdrop of the Chairman's previous promises to lead the institution during this sensitive period.

The tense atmosphere at the end of Powell's tenure was clearly evident in the coverage by the İran İsrail Güncel Savaş Son Dakika channel, which usually reports on geopolitical and economic friction points. According to the channel, at the end of his press conference, Powell parted ways with those present with unusual words: "Thank you very much everyone. We will not meet next time."