Here's something worth tracking for market watchers: Powell's role as Fed chair wraps up May 15th, 2026. But that's only half the story. His separate appointment as a board governor actually extends much further—all the way to January 31st, 2028. The Fed's structure creates this interesting gap where his leadership influence and voting power operate on different timelines. For those following monetary policy and its ripple effects on markets, understanding these dual terms matters.