PiCK

Powell: ‘Unclear whether I will remain on Fed Board after chair term ends’

JH Kim

Summary

Chair Jerome Powell said that “nothing has been decided” regarding whether he will remain a Fed governor after his term as chair ends.
Powell’s term as a Fed governor runs through 2028.
In response to a question about the value of the dollar, he said “the dollar is a matter for the Treasury,” adding that it is not something the Fed should comment on.

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Federal Reserve Chair Jerome Powell said on the 28th (local time) at a post-meeting press conference following the Federal Open Market Committee (FOMC) meeting that, regarding whether he would stay at the Fed after his term as chair ends, “nothing has been decided” about remaining in his role as a governor.

Powell’s term as a member of the Fed’s Board of Governors runs through 2028. He did not offer a separate response to questions about a recently raised subpoena.

Asked about the value of the dollar, he said “the dollar is a matter for the Treasury,” adding that it is “not something the Fed should comment on” and “a question the Treasury should answer.”