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Powell to remain on Fed board after chair term ends
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 means Powell, whose leadership of the Fed has been marked by battles over inflation and repeated clashes with the Trump administration over interest rate policy, does not plan to step away from the institution entirely. The move has drawn attention to who will succeed him as chair and how much influence he may retain as a governor.
Why now: His chair term expires next month and the announcement signals he will not fully leave the Fed amid speculation over his future and his successor.
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- 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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