The translation of the text «Давление на Джерома Пауэлла: расследование и политика ФРС» into English is: «Pressure on Jerome Powell: Investigation and the Fed’s Policy»
30 january 2026 в 17:13
Chairman of the Federal Reserve System Jerome Powell is once again making headlines amid growing political pressure and an unprecedented legal investigation that calls into question the independence of the central bank. In early 2026, Powell reported that the U.S. Department of Justice had initiated a criminal investigation regarding his testimony about the years-long, multi-billion dollar renovation of the Federal Reserve’s headquarters—a situation he publicly characterized as politically motivated pressure aimed at influencing monetary policy.
At the same time, Donald Trump, who has repeatedly criticized Powell for refusing to lower interest rates, publicly condemned Powell’s approach to policy and hinted at the need for new leadership at the Fed. However, in an interview with Reuters in January 2026, Trump stated that he had no immediate plans to fire Powell.
Amid ongoing tensions with Trump, here’s what you need to know about Powell, how long his term lasts, and whether he will be able to complete it.
Powell is the current chairman of the Federal Reserve System, the central bank of the United States. He has held this position since February 2018 and was reappointed for a second term in 2022. A graduate of Princeton University and Georgetown University Law Center, Powell worked as a lawyer for about five years before transitioning to investment banking.
Powell was first appointed to the Board of Governors of the Federal Reserve System by former President Barack Obama in 2012. He was later nominated for the position of Fed chairman by Trump in 2017 and began his duties in 2018. In 2021, former President Joe Biden nominated him for a second term, which was confirmed by the Senate in 2022.
Powell’s current four-year term as chairman of the Federal Reserve System expires on May 15, 2026. However, he will remain a member of the Board of Governors of the Federal Reserve System until January 31, 2028, unless he resigns or is removed for cause
At the same time, Donald Trump, who has repeatedly criticized Powell for refusing to lower interest rates, publicly condemned Powell’s approach to policy and hinted at the need for new leadership at the Fed. However, in an interview with Reuters in January 2026, Trump stated that he had no immediate plans to fire Powell.
Amid ongoing tensions with Trump, here’s what you need to know about Powell, how long his term lasts, and whether he will be able to complete it.
Powell is the current chairman of the Federal Reserve System, the central bank of the United States. He has held this position since February 2018 and was reappointed for a second term in 2022. A graduate of Princeton University and Georgetown University Law Center, Powell worked as a lawyer for about five years before transitioning to investment banking.
Powell was first appointed to the Board of Governors of the Federal Reserve System by former President Barack Obama in 2012. He was later nominated for the position of Fed chairman by Trump in 2017 and began his duties in 2018. In 2021, former President Joe Biden nominated him for a second term, which was confirmed by the Senate in 2022.
Powell’s current four-year term as chairman of the Federal Reserve System expires on May 15, 2026. However, he will remain a member of the Board of Governors of the Federal Reserve System until January 31, 2028, unless he resigns or is removed for cause
© Zhinobaeva Margarita
