Federal Reserve Chair To Remain Governor After Term Ends
The threat of criminal prosecution against current Federal Reserve Chair Jay Powell remains an active concern. Inflation is reportedly worsening due to energy price spikes linked to the war with Iran. The average price of regular gas increased by seven cents overnight. Former Fed Vice Chair Alan Blinder discussed the implications for the institution and monetary policy. The decision comes in response to personal attacks directed at him. The source stated that Powell worries attacks are "battering this institution and putting at risk the things that really matter to the public." It is unlikely he will serve until the end of his term in 2028. He stated he will stay until he sees that the institution is stable, using the metaphor that he will stay until the ship is sailing along and not sinking.
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Sources · 7 independent
“the threat of criminal prosecution against Jay Powell, the current Fed chair, and presumably against any future Fed chair, remains an active and lively threat.”
“after overseeing a hold on interest rates this week, outgoing Federal Reserve Chair Jerome Powell says he's staying on the Fed board as a governor.”
“Federal Reserve Chair Powell says he'll stay on as a Fed governor after his term expires this month.”
“Federal Reserve Chair Jerome Powell talking to reporters following the Federal Open Market Committee meeting. This is his last scheduled press conference as chair of the Federal Reserve.”
“Powell says he plans to remain on the Fed's governing board for some period of time after his term as chairman ends next month”
“Powell has the option to remain on the Fed's governing board through early 2028. And at his last news conference, as chairman Powell said he's going to exercise that up.”
“Federal Reserve Chairman Jerome Powell is not walking away from the central bank just yet. Powell says he plans to remain on the”
“news conference, as chairman Powell said he's going to exercise that up.”
“Powell says he plans to remain on the Fed's governing board through early 2028. Powell said he's going to exercise that option at least for a while in an effort to safeguard the fed's ability to operate without political pressure.”
“Powell and his colleagues have resisted those efforts up until now, but Powell says the battle's not over, and that's why he's sticking around.”
“Powell has the option to remain on the Fed's governing board through early 2028. And at his last news conference as chairman, Powell said he's gonna exercise that option at least for a while”
“vice chair of the Fed about Powell's tenure, but we're gonna start”
“Powell said he's going to exercise that option at least for a while in an effort to safeguard the Fed's ability to operate without political pressure.”
“In an effort to safeguard the Fed's ability to operate without political pressure, President Trump has really tried to break down those boundaries. He's threatened to fire Powell.”
“Powell has the option to remain on the Fed's governing board through early 2028. And at his last news conference as chairman, Powell said he's gonna exercise that option”
“Powell has the option to remain on the fed's governing board through early 2028. And at his last news conference as chairman, Powell said he's going to exercise that option”
“Powell did say he plans to keep a low profile once he's no longer chair. He won't be competing with Kevin Warsh, who appears to be headed for Senate confirmation”
“Pal says the battle's not over and that's why he's sticking around. I am confident that the Fed will continue to make its decision based on analysis, rigorous analysis and not on political considerations.”
“The Fed didn't change them on Wednesday. Powell did say he plans to keep a low profile once he's no longer chair.”
“Well, this decision is kind of the capstone of the last episode of his legacy, which will surely be that he defended the independence of the Fed.”
“Jerome Powell will stay on as a Federal Reserve Governor for a period of time to be determined in response to attacks from the White House and the Department of Justice.”
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