Outgoing Federal Reserve Chair Jerome Powell said on April 29 that he will continue to serve on the Board of Governors “for a period of time to be determined.”
His term as chair expires on May 15, but Powell’s tenure as governor does not end until 2028.
Powell, speaking to reporters at the post-meeting press conference, said that he feels he has “no choice” but to remain at the central bank due to the legal actions taken against him this year.
“I had long planned to be retiring,” he said. “The things that have happened really in the last three months have, I think, left me no choice but to stay until I see them through at least that long.”…