Powell: Determined to Defend the Fed's Independence, to Remain as Fed Governor for 'Some Time'

Odaily reported that Federal Reserve Chairman Jerome Powell stated at a press conference that he will continue to serve as a Fed governor for a period of time after stepping down as chairman. Powell noted that over the past three months, the Federal Reserve has suffered unprecedented damage, and he is determined to defend its independence. Powell made it clear that the damage he referred to was not political criticism but purely legal actions. He said, 'What has happened over the past three months leaves me no choice but to stay on.' Powell stated that the Department of Justice will not launch another investigation into him unless a criminal referral is made by the Federal Inspector General. However, Powell was not satisfied with this, saying, 'I will continue to serve as a Fed governor for a term to be determined,' and pledged to 'keep a low profile.' (Jin Shi)