Finance & Banking — Powell Stays On as Fed Governor to Block Trump Appointment; ECB and BOE Hold Rates Amid Iran War Uncertainty; Big Tech AI Spending Surge Reshapes Capital Markets

Finance & Banking · 2026-04-30

TODAY'S SIGNAL — The most consequential development for Finance & Banking professionals today is Jerome Powell's announcement that he will remain as a Fed Governor after his chairmanship ends in mid-May, explicitly citing ongoing DOJ legal threats and political pressure. This blocks the Trump administration from filling his board seat and means incoming Chair Kevin Warsh inherits a committee with…