Jerome Powell to Stay on as Fed Governor
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Federal Reserve Chairman Jerome Powell said Wednesday he will remain on the central bank’s Board of Governors “for a period of time to be determined,” extending his influence over monetary policy after his term as chairman ends May 15.
Powell’s decision denies President Donald Trump an immediate vacancy on the powerful seven-member board. Speaking at his final news conference as Fed chair, Powell said he was concerned that “legal attacks on the Fed” threaten its ability to set policy free of
Powell’s decision denies President Donald Trump an immediate vacancy on the powerful seven-member board. Speaking at his final news conference as Fed chair, Powell said he was concerned that “legal attacks on the Fed” threaten its ability to set policy free of
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