multi source·3h ago·8 sources analyzed
Powell plans to remain on Fed board after chair term ends
Jerome Powell announced his intention to continue serving on the Federal Reserve board after his term as chair concludes. He did not specify the duration of his continued service. (sources: cbsnews, cspan, marketwatch, reuters, thehill)
Image: cnbc
ModernAction Briefing
Powell stated he will remain a governor on the Federal Reserve board for an unspecified period after his chair term ends. His decision follows his last news conference as chair.
- Powell held his final news conference as Federal Reserve chair on Wednesday.
- He plans to stay on the board as a governor for an undetermined time.
- His decision is linked to an ongoing renovation investigation.
Why it matters
Powell's continued presence on the board may influence the Federal Reserve's policy direction and stability during a transitional period.
No specific legislation identified for action yet.
Top coverage · 8 sources
cbsnewsPowell says he's staying on Fed board "for a period of time to be determined" after chair term endscspanFed Chair Powell Says He's Staying on the Board Until Renovation Investigation EndsmarketwatchPowell won’t leave the Fed, says he’ll stay on as governor after term as chair endsreutersFed's Powell says he will stay on as governor after chair term ends