Howard Lutnick has served as the confirmed Secretary of Commerce since February 2025 and remains in the role as of mid-August 2026, overseeing ongoing departmental priorities including semiconductor investments, trade policy, and regulatory matters. Official Commerce Department releases and his public testimony through early 2026 show continued engagement without signs of departure. Partisan calls for resignation from Democratic lawmakers in March and May 2026 over prior controversies have not prompted any administration action or Senate pressure. Traders assign a 66% probability he stays through year-end, reflecting the typical stability of cabinet positions in the absence of White House signals, health issues, or major scandals that could accelerate a transition.