Powell Says He Has 'No Choice' But to Stay at Fed
What's reported
Federal Reserve Chair Jerome Powell says concerns about recent legal attacks on the central bank has led him to the decision to stay at the institution and will leave when it is appropriate to do so. While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. (Source: Bloomberg)
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This story is appearing in the Finance & markets feed and is being tracked across multiple outlets. We'll update this post as further details emerge from the primary source.
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