Jerome Powell announced that he will step down as Chair of the Federal Reserve after his term concludes on May 15. However, he confirmed that he will remain in his position as a governor for an unspecified duration. This decision comes amid ongoing legal pressures, although specific details regarding these pressures were not disclosed during his final press conference as chair. Powell's tenure as Fed Chair has been marked by significant economic challenges and policy decisions impacting the U.S. economy.
Related Articles
Don't miss out on breaking stories and in-depth articles.