Powell: No Intention to Leave the Fed Early, May Continue Serving Until Investigation Concludes

Odaily News Federal Reserve Chairman Jerome Powell stated that he has no intention of leaving his position at the Federal Reserve until the U.S. Department of Justice's investigation into him is "completely concluded with transparency and finality."

The report noted that Chairman Powell's term is set to end on May 15th, but his term as a board member extends until early 2028, theoretically allowing him to remain. Powell stated that he will decide whether to continue serving based on what is "most beneficial for the institution and the public."

This statement may affect the Trump administration's pace in adjusting the Federal Reserve's personnel structure. Trump has already appointed several board members, and if Powell were to leave, it could further expand Trump's influence within the Fed. (The Wall Street Journal)