Powell stays on Fed board after term ends, preventing Trump appointment
US Federal Reserve Chair Jerome Powell on Wednesday urged central bank independence as he nears the end of his term on May 15.
He said he would remain a Fed governor, drawing criticism from President Donald Trump, who mocked the decision.
- Powell to remain on Fed board after chair term expires 📹 C-SPAN — · 1min
- If these were normal times, Jerome Powell would have just finished his last Fed meeting and would next month relinquish his chairmanship and his separate seat as governor. These are not normal times. Wall Street Journal —
- Behind Powell’s High-Stakes Decision to Stay at the Fed The New York Times —
- Powell says he'll remain on U.S. Federal Reserve board, denying Trump a chance to name his own appointee CBC —
- Fed Chair Powell warns of 'unprecedented' legal attacks on Fed by Trump administration The Globe and Mail —