Powell says he will keep serving as head of the central bank if his nominated successor is not confirmed.
Powell's term as Fed chair is scheduled to end on May 15, but he could elect to stay on the board to finish his term as a Fed governor.
"Personally i believe he will stay on past the midterm elections," Bob Michele, JPMorgan Asset Management's global head of fixed income, says about Federal Reserve Chair Jerome Powell staying at the central bank. (Source: Bloomberg)
"I have no intention of leaving the board until the investigation is well and truly over with transparency and finality. I would refer you to the statement that was in the Fed's brief that you all have seen. I won't have anything more for you on that," Powell said. The post Powell Forever? Fed Chair Says He’ll Stay On If Department of Justice Doesn’t Drop…
Federal Reserve Chair Jerome Powell revealed he will stay on at the institution if his successor is not confirmed, as the central bank voted this week to…
The Federal Reserve on Wednesday kept interest rates steady, and chair Jerome Powell said that he will remain in place until his successor is confirmed, raising the prospect that he could continue leading the central bank after his term is up May 15.Why it matters: Powell's remarks set up a high-stakes standoff with the Trump administration over who will…
Federal Reserve Chair Jerome Powell said Wednesday he would not step down as leader of the central bank until his successor is confirmed and would not leave the bank’s board of governors until the Trump administration concludes its criminal investigation. During a Wednesday press conference, Powell confirmed that he would stay on the Fed board…
Federal Reserve Chairman Jerome Powell said that he will not leave the Fed until the Justice Department investigation into him has ended. Powell, speaking at a news conference on Wednesday, was asked about whether he will stay on the board of the central bank after his term as chairman concludes in May. He said he…
