Jerome Powell to Remain on Federal Reserve Board After Chair Term Ends
Jerome Powell has announced he will remain on the Federal Reserve's governing board after his term as chair ends next month.This decision comes amid what Powell described as unprecedented legal attacks from the Trump administration against the central bank.Powell stated he plans to stay on the board for an undetermined period, potentially until January 2028.By doing so, he prevents President Donald Trump from appointing a new member to the Fed's seven-member board.The announcement followed the Federal Reserve's decision to keep benchmark interest rates steady at 3.5 to 3.75 percent amid ongoing inflation concerns and global economic pressures.The Fed's recent policy... [Continue Reading]
360LiveNews | 29 Apr 2026 21:01 LONDON
