Powell pledges to stay at the Fed, foiling Trump’s reshuffle bid
TL;DR
Jerome Powell said he would remain Fed chair past his term’s mid-May end if a successor hasn’t been confirmed by the Senate, and would stay on the Fed board until any criminal probe is resolved, effectively blocking President Trump’s efforts to force a leadership shakeup at the central bank.
Topics:businesseconomy#donald-trump#economy#federal-reserve-system#government-appointments-and-nominations#jerome-powell#monetary-policy
- Trump tried to push Powell out, but now he may be stuck with him The Washington Post
- Fed Chair Powell: I’ll stay at the Fed until Jeanine Pirro’s probe is ‘well and truly over’ CNN
- Powell has 'no intention of leaving' the Fed until Trump's DOJ probe is closed NBC News
- Fed Meeting Today: Powell Is Watching Iran and Will Stay Until Successor Is Confirmed Barron's
- Fed keeps rates on hold, Powell says he will remain in place until successor confirmed Axios
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