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3 days ago

Powell says he has 'no intention of leaving' Fed during DOJ investigation

Federal Reserve Chairman Jerome Powell said Wednesday he will remain at the central bank while the Department of Justice’s criminal investigation continues."I have no intention of leaving the board until the investigation is fully resolved with transparency and finality," Powell said, referring to the Federal Reserve Board of Governors, commonly known as the Fed Board.With the probe complicating efforts to confirm his successor, Powell said that if no replacement is in place by the end of his term as chair, he would continue serving as chair pro tempore until one is confirmed."That is what the...

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3 days ago
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