Bannon was convicted in 2022 for refusing to comply with a subpoena from the House Select Committee investigating the January 6, 2021 attack on the U.S. Capitol, and is continuing to appeal his conviction.
The 70-year-old Trump ally is scheduled to hold a news conference in Manhattan and resume his "War Room" podcast, which has seen a decline in listenership during his absence.
Bannon's release won't significantly impact the election outcome. His podcast has lost momentum during his absence, falling out of the top charts. With only a week left, there's not enough time to mobilize his audience and create the post-election chaos some anticipate.