April 29 (Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he will stay on as a central bank governor when his leadership term ends next month. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined. I plan […]
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Fed’s Powell says he will stay on as governor after chair term ends
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April 29 (Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he will stay on as a central bank governor when his leadership term ends next month.
“After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined. I plan to keep a low profile as a governor,” Powell said in a press conference following the latest Federal Open Market Committee meeting.
(Reporting by Michael S. Derby; Editing by Chris Reese)