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Powell says he will stay on Fed board after 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 on the central bank's board of governors after his current term expires next month. The announcement comes amid sustained pressure from President Trump, who has repeatedly called for Powell's removal and pushed for lower interest rates, making the question of Powell's future a focal point of debate over the Fed's independence.
Why now: Powell's decision lands amid an unusually public conflict between the White House and the Federal Reserve over interest rates and the central bank's independence.
Jerome PowellFederal ReserveDonald Trump
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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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