Powell says he's staying on Fed board "for a period of time to be determined" after chair term ends
Summary
Jerome Powell said he will stay on the Federal Reserve board as a governor for an unknown amount of time after his chair term ends. He made this announcement during his final news conference as Federal Reserve chair.Key Facts
- Jerome Powell is currently the chair of the Federal Reserve.
- His term as chair is coming to an end.
- He plans to remain on the Federal Reserve board as a governor.
- The length of time he will stay on the board has not been decided.
- Powell shared this information during his last news conference as chair.
- The Federal Reserve board oversees the central bank's policies and decisions.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.