Senate Republican: Powell should leave Fed, ‘cash in’
Summary
Senator Kevin Cramer said he hopes Federal Reserve Chair Jerome Powell will leave his position when his term ends on May 15. Powell has indicated he plans to stay on as a board member until certain issues are resolved.Key Facts
- Jerome Powell is the current Chair of the Federal Reserve.
- Powell’s term as Chair ends on May 15.
- Senator Kevin Cramer wants Powell to leave the Federal Reserve when his term ends.
- Powell plans to remain a board member after his chair term ends, at least temporarily.
- The Federal Reserve is the U.S. central bank that manages the country’s money supply and interest rates.
- Powell’s future role may depend on resolving ongoing matters related to the Fed.
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