Powell Forever? Fed Chair Says He’ll Stay On If Department of Justice Doesn’t Drop Investigation

Fed chairman Jerome Powell said he will not leave the Fed’s board so long as the Justice Department’s investigation into the central bank is ongoing.

“I have no intention of leaving the board until the investigation is well and truly over with transparency and finality. I would refer you to the statement that was in the Fed’s brief that you all have seen. I won’t have anything more for you on that,” Powell said.

Powell’s term as Fed chairman ends in May but his position as a governor of the Federal Reserve does not expire until Jan. 31 2028. Traditionally, Fed chairmen step down from their seat on the board when a new governor is confirmed…

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