Jerome Powell’s current term as Chair of the Federal Reserve ends in May 2026.

Exact end date

Multiple official and reputable biographical sources state that Powell’s second four-year term as Fed Chair runs through May 15, 2026. He remains a member of the Federal Reserve Board of Governors beyond that, with his underlying term as governor scheduled to end on January 31, 2028.

Chair vs. governor role

When people ask about Powell’s “term,” they usually mean his role as Chair, which is the position ending in mid‑May 2026. Even after a new chair is appointed, Powell could legally continue serving on the Board as a governor until 2028 unless he resigns earlier.