Powell says he'll remain on U.S. Federal Reserve board, denying Trump a chance to name his own appointee
CBC
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https://i.cbc.ca/ais/c37886d3-ce22-4cb5-a9d0-41e82cd28681,1777506785163/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C235%2C4512%2C2538%29%3BResize%3D%28620%29" title="U.S. Federal Reserve Chair Jerome Powell looks on during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S., April 29, 2026." width="620" />
Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for a period of time, to be determined," saying the "unprecedented" legal attacks by the Trump administration have put the independence of the nation's central bank at risk.
- 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 —
- Fed Chair Powell warns of 'unprecedented' legal attacks on Fed by Trump administration The Globe and Mail —
- Powell stays on Fed board after term ends, preventing Trump appointment France 24 —