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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.
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Washington Examiner
Powell vows not to leave Fed until DOJ investigation concludes
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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…
