Powell has refused four consecutive times to reveal whether he will stay at the Federal Reserve, aiming to counter Trump

BlockBeats News, February 1 — “The Fed’s mouthpiece” Nick Timiraos recently wrote that Federal Reserve Chair Jerome Powell once again refused to disclose at this week’s FOMC meeting whether he will remain on the Federal Reserve Board after his term ends on May 15.

Nick Timiraos’s analysis indicates that Powell’s decision is because his Federal Reserve Board term is not set to expire until 2028. If Powell chooses to stay at the Fed, Milan will lose his seat. This would significantly undermine Trump’s attempt to “manipulate” the Federal Reserve. Therefore, Powell’s decision is his last card to oppose the government and his only leverage.