Powell Says He Will Remain at the Federal Reserve for a Time

According to the provided statement, Jerome Powell said he has "no choice but to stay" on as a governor at the Federal Reserve (U.S. central bank) for a period because of the administration’s actions.

Summary

Jerome Powell said he will stay on as a governor at the Federal Reserve (U.S. central bank) for a period of time and attributed that decision to the actions of the administration. The statement included the quote, "No choice but to stay." The source does not specify the timing, the administration involved, or any further policy or market details.

Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for monetary policy, financial stability, and supervision of parts of the banking system.
  • Governor: A member of the Federal Reserve Board who helps oversee U.S. monetary policy and financial regulation.