Jerome Powell said he does not plan to leave the Federal Reserve during the Department of Justice investigation and would serve as chair pro tempore if needed.
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…
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.
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…
"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…
The probe should never have commenced.
