Powell: Welcomes DOJ Ending Investigation, Will Remain as Governor After Stepping Down as Chair

Odaily reported that Federal Reserve Chair Jerome Powell said he welcomes the DOJ's announcement last Friday regarding the (closure of the investigation into Powell). Over the past weekend, the DOJ provided assurances that the investigation would not be reopened unless there is a criminal referral. I will not leave until the DOJ's investigation is completely concluded. I will continue to serve as a governor after May 15th, for an undetermined period, and will leave the Fed at an appropriate time. I will serve as a governor in a low-key manner. (Jin Shi)