Jerome Powell officially steps down after 8 years, Benny Johnson confirms

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15.05.2026

Jerome Powell officially steps down after 8 years, Benny Johnson confirms — Jerome Powell resigns as Fed chairman

Benny Johnson reports that Jerome Powell has officially stepped down as chairman of the Federal Reserve after 8 years.

This marks the end of Powell's tenure leading the central bank.

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Johnson has previously covered shifts in global markets. In a recent report, he highlighted Iran's move to reopen the Strait of Hormuz, which led to plunging oil prices and a surge in markets. The coverage reflects ongoing attention to major financial and geopolitical developments.

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