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Jerome Powell offers advice for next Fed chair, addresses his future at central bank

On HALO

6 days ago

Federal Reserve Chair Jerome Powell was asked about his future at the central bank beyond the end of his term this May and also offered some advice to his successor.Powell spoke at a press conference Wednesday after the central bank left interest rates unchanged at its January meeting after it cut the benchmark federal funds rate by 25 basis points at each of its final three meetings last year.His term as chairman of the Federal Reserve is set to expire in May, though he could remain at the Fed as a member of the central bank's board of governors until January 2028, if he chooses to do so. "Ho...