Event Overview
Jerome Powell reveals plan to stay at Fed after term as chair ends
Jerome Powell said he plans to remain at the Federal Reserve as a governor after his term as chair ends, outlining a stay that could extend for a period to be determined. NBC News notes he had previously planned retirement but now will stay until a DOJ investigation is completed with transparency and finality. The New York Times emphasizes lingering legal threats against him and the Fed as context for the decision. The Hill reports Powell will remain on the board beyond his chair tenure “for a period of time to be determined,” until the investigation is concluded.
The disclosures suggest ongoing federal oversight concerns that could affect central-bank governance and legal risk management at the Fed, as reported by NBC News and The New York Times.
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Jerome Powell reveals plan to stay at Fed after term as chair ends
Federal Reserve Chair Jerome Powell said Wednesday that he plans to stay on at the central bank as a governor after his term as chair ends next month “for a period of time to be determined.” “I have said that I will not leave the board until this investigation is well and truly over with…
Powell Says He Will Stay on as Fed Governor After Term as Chair Ends
Jerome H. Powell cited lingering legal threats against him and the Federal Reserve in explaining his decision to remain at the central bank.
Jerome Powell explains why he plans to stay on at the Fed
Jerome Powell, who is nearing the end of his tenure as chair of the Federal Reserve, explains that he had long planned to retire from the Fed when his term ended, but now plans to stay on until a DOJ investigation is “well and truly over with transparency and finality.”