Summary
- Federal Reserve Chair Jerome Powell said he would remain as a governor for some time after May 15.
- Powell said it was his last press conference as chair, signaling the end of his chairmanship.
- Powell said he would leave the Fed when he deems it appropriate and that he is staying because of actions by the administration.
Forecast Trend Report by Period
Federal Reserve Chair Jerome Powell indicated he may remain on the Fed's Board of Governors after his term as chair ends, signaling a possible shift in his role at the central bank.
Walter Bloomberg reported on April 29 that Powell said he would stay on as a governor for some time after May 15.
Powell also described it as his last press conference as chair, signaling that his tenure in the top post is nearing an end.
He added that he would leave the Fed when he deems it appropriate, suggesting the timing of his full departure remains flexible.
Powell also said he is staying because of actions by the administration, indicating that current circumstances make it difficult for him to resign.
JH Kim
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