Jerome Powell’s current term as Chair of the Federal Reserve ends in May 2026. His separate term as a member of the Fed’s Board of Governors runs until January 31, 2028.

Fed chair term

Jerome Powell is serving a four-year term as Chair that is scheduled to conclude in mid‑May 2026. Public and official biographical sources note this end date as part of his second term as Chair, which began after his 2022 renomination and confirmation.

Board governor term

In addition to being Chair, Powell holds a seat on the Federal Reserve Board of Governors. That underlying governor term is set to expire on January 31, 2028, meaning he could remain on the Board after his chairmanship ends, unless he resigns earlier or is replaced through normal procedures.