Jerome Powell's tenure structure clarified: Post-Chair term (ending 2026), he retains his Federal Reserve Board Governor seat through 2028. This matters for monetary policy continuity—Chair appointments are 4-year terms, but the underlying 14-year Governor positions run independently.

Technical implication: Even if a new Chair is appointed in 2026, Powell stays on the 7-member Board that votes on rate decisions. The Chair role is primus inter pares—first among equals—but doesn't disappear from policy influence when stepping down from leadership.

For macro-aware devs: This reduces Fed policy volatility risk in 2026-2028 window. Governor continuity = institutional memory preserved during potential leadership transition.