Fed Projects One Rate Cut This Year As Powell Vows To Stay On Until DOJ Investigation Is Finished
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)
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.
Powell says he will keep serving as head of the central bank if his nominated successor is not confirmed.
"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…