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Powell to stay on Fed board after chair term expires
Original: Fed chair Jerome Powell says he will stay on central bank's board after term expires next month
Federal Reserve Chair Jerome Powell says he will remain a member of the central bank's board of governors after his term as chair expires next month. The announcement clarifies his immediate plans amid ongoing speculation about leadership changes at the Fed and scrutiny from the White House over monetary policy.
Why now: Powell's future at the Fed has been the subject of intense speculation, and his decision to stay on the board is significant news for markets and policy watchers.
Evidence
- Fed chair Jerome Powell says he will stay on central bank's board after term expires next month · ABC News - Breaking News, Latest News and Videos
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