Miner Company
Takeaways from Powell's final news conference as Fed chair.
The biggest news out of the Fed meeting was that Mr. Powell plans to stay on as a governor after his term as chair ends May 15. He cited legal threats against the institution and warned that the central bank's independence was “at risk.” Powell did not say how long he would stay on as a governor, a position he can hold until January 2028.
The biggest news out of the Fed meeting was that Mr. Powell plans to stay on as a governor after his term as chair ends May 15. He cited legal threats against the institution and warned that the central bank's independence was “at risk.” Powell did not say how long he would stay on as a governor, a position he can hold until January 2028.