Khamenei Vows to Keep Hormuz Shut as Netanyahu Issues Veiled Death Threat 
New Iranian Supreme Leader Reported Injured Amid Ongoing U.S.-Israel Military Campaign 
Democratic Attorneys General Sue Trump Administration Over CDC Childhood Vaccine Schedule Changes 
Maduro Seeks Dismissal of U.S. Drug Trafficking Case, Citing Sanctions Interference 
Does international law still matter? The strike on the girls’ school in Iran shows why we need it 
ICE Arrests Colombian Journalist in Tennessee, Trump Administration Says She Will Receive Due Process 
Microsoft Backs Anthropic in Legal Fight Against Pentagon's AI Blacklist 
Brazil's Top Court Blocks Trump Official's Visit to Imprisoned Bolsonaro 
Federal Judge Blocks Trump Administration's Move to End Temporary Protected Status for Somali Immigrants 
U.S. Pulls Back Proposed AI Chip Export Rule Amid Policy Uncertainty 
Supreme Court Backs GOP Lawmaker in New York Redistricting Fight Ahead of Midterms 
Israel-Iran War Escalates: Gaza, West Bank, and Lebanon Death Tolls Rise 
Supreme Court Blocks California Transgender Student Privacy Laws in 6-3 Decision 
Canada's $35 Billion Arctic Defense Plan: Reducing Reliance on the U.S. 
Estée Lauder Sues Jo Malone Over Trademark Dispute Involving Zara 
US Prepares Record $14 Billion Taiwan Arms Deal Pending Trump's China Visit 
Federal Reserve Chair Jerome Powell could break with decades of tradition by remaining on the Fed's Board of Governors after his chairmanship concludes in May, according to newly unsealed court documents. His attorneys reportedly raised this possibility during a January 29 meeting with Justice Department officials, adding a fresh layer of complexity to an already politically charged situation.
The disclosure emerged from a legal dispute in which the Fed successfully moved to block DOJ subpoenas tied to a criminal investigation into Powell's oversight of renovation projects at the central bank's Washington headquarters. A federal district judge sided with the Fed on Friday, quashing the subpoenas.
During the January meeting, Powell's legal team told U.S. District Attorney Jeannine Pirro that the Fed chair would likely stay on the board if the investigation remained open — but suggested his calculus could shift if it were dropped. DOJ attorneys characterized these remarks as an attempt to pressure prosecutors, calling the approach a form of "strongarming."
The 73-year-old Powell has not publicly addressed his post-chair plans. However, his potential continued presence on the board carries significant weight. With the Fed's governing board comprised of just seven members, Powell's vote could prove decisive on key monetary policy decisions — including interest rate moves that President Donald Trump has loudly pushed for.
Trump's preferred successor, former Fed Governor Kevin Warsh, faces a difficult Senate confirmation path. Powell's attorneys noted the administration currently lacks the votes needed to confirm a new board chair — a point that underscores the broader stakes surrounding Fed leadership and independence.
By tradition, outgoing Fed chairs vacate their board seats entirely. Powell's term as a governor, however, runs through January 2028, meaning he retains the legal right to stay on well into Trump's final year in office.
