Fed, Trump and Powell
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Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.
Outgoing Federal Reserve Chair Jerome Powell said he would remain on the central bank's board of governors after his time as chair runs out May 15. He is the first Fed chair to do so since the administration of Harry Truman.
Powell confirmed he will stay on as a member of the Fed’s Board of Governors after his term as chair expires, citing “legal attacks" on the central bank.
President Trump’s pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring “regime change” to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House’s attacks.
2don MSN
Powell era ends with rates on hold, Fed hawks on the rise and a vow to keep governor's seat warm
By Howard Schneider and Ann Saphir WASHINGTON, April 29 (Reuters) - Federal Reserve Chair Jerome Powell closed out eight years as head of the U.S. central bank on Wednesday with interest rates on hold,
Fed Chair Jerome Powell's iconic purple tie has become a quiet symbol of the central bank's effort to remain independent and above partisan politics.
Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, is now firmly on track to assume one of the most powerful positions in the global economy — and could advance an agenda that aligns with Trump’s desire for lower rates.