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Powell To Stay In The Best Interest Of The Institution

By Seeking Alpha May 01, 2026 Neutral
Powell To Stay In The Best Interest Of The Institution
The Federal Reserve held rates steady at 3.50%-3.75% for the third consecutive meeting amid solid economic growth and persistent inflation. Jay Powell will step down as Fed Chair on May 15th but remain as Governor to safeguard Fed independence amid unprecedented legal challenges.
The Federal Reserve held rates steady at 3.50%-3.75% for the third consecutive meeting amid solid economic growth and persistent inflation. Jay Powell will step down as Fed Chair on May 15th but remain as Governor to safeguard Fed independence amid unprecedented legal challenges.