When binary black holes merge they emit gravitational waves in three stages, the inspiral in which the two black holes shed angular momentum through gravitational waves at a rate that becomes detectable just before they merge, the merger where the event horizons actually touch and become one and which produces the highest amplitude and frequency gravitational waves, and the ringdown where the new black hole settles into a spherical shape and sheds excess energy by emitting gravitational waves the amplitude of which quickly diminishes to the point where LIGO can't detect it.
My question is if the ringdown phase ever truly finishes, if there is a finite amount of time before it sheds all its energy and settles into an "ideal" Kerr black hole or if it's like blackbody radiation where the rate at which energy is emitted is proportional to the amount of energy that remains to be emitted, meaning that a black hole born of a black hole merger would continuing radiating exponentially weaker and weaker gravitational waves forever(or at least until it decays from Hawking radiation in the far, far future.)