Powell Refuses to Confirm Whether He Will Stay at the Fed
Recently, Fed Chair Jerome Powell declined again to state clearly whether he would remain on the Federal Reserve Board after his term as Chair ends.
This move has attracted widespread attention. Powell's term as a Fed governor extends until 2028, but his chairmanship will end on May 15. Analysts believe this could be a strategy to counter government interference.
- Powell's decision gives him flexibility.
- If he chooses to stay, current governor Michelle Bowman would lose her seat.
- This is seen as a way to resist Trump's influence over the Federal Reserve.