Jerome Powell's current term as Chair of the Federal Reserve is set to end in May 2026. He was sworn in for his second four-year term as chair on May 23, 2022, making his term expire in May 2026. Although Powell's term as chair ends in 2026, he will remain a member of the Board of Governors until January 31, 2028. Powell has stated he intends to stay in the role until the end of his term as chair.