Powell to stay at Fed amid authorized ‘battering’ by Trump administration

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Federal Reserve Chairman Jerome Powell speaks at a news conference at the Federal Reserve, following the Federal Open Market Committee meeting, in Washington on Wednesday (April 29, 2026).

Federal Reserve Chairman Jerome Powell speaks at a information convention on the Federal Reserve, following the Federal Open Market Committee assembly, in Washington on Wednesday (April 29, 2026).
| Photograph Credit score: AP

Federal Reserve Chair Jerome Powell mentioned on Wednesday (April 29, 2026) ​he’ll keep on as a central financial institution governor for an undetermined time frame when his management time period ends subsequent month, amid hopes ‌that ongoing political assaults on the establishment will begin to calm down.

“After my time period as chair ends ​on Could 15, I’ll proceed to function a governor for a time frame to ⁠be decided,” Mr. Powell informed a information convention after his final coverage assembly as chair.

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