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World News by Wild Rose

#Jerome Powell ร—

Powell says heโ€™ll stay at Fed after chair term ends, citing attacks by Trump team

Jerome Powell said he plans to remain on the board of the Federal Reserve after his term as chair ends next month โ€œfor an undetermined period of timeโ€, citing the โ€œunprecedentedโ€ legal attacks against the central bank by the Trump administration. โ€œI worry these attacks are battering this institution and putting at risk the things that really matter to the public,โ€ Powell said at a press conference after the Fed announced its decision to keep its benchmark interest rate steady. Powellโ€™s decision...