Powell to remain on the Fed board and keep a “low profile”

The Federal Reserve’s Jerome Powell announced this week he plans to remain on the board after his chairmanship ends in mid-May. Powell said he will stay on as a Fed governor “for a period of time, to be determined.” And he said he plans to keep a “low profile.” Powell said he decided to remain on the board because of the “unprecedented” legal attacks by the Trump administration, which he believes have put the independence of the nation’s central bank at risk.