29 Apr 2026, Wed

Powell to remain at Fed amid legal ‘battering’ by Trump administration

Federal Reserve Chairman Jerome Powell speaks at a news conference at the Federal Reserve, following the Federal Open Market Committee meeting, in Washington on Wednesday (April 29, 2026).

Federal Reserve Chairman Jerome Powell speaks at a news conference at the Federal Reserve, following the Federal Open Market Committee meeting, in Washington on Wednesday (April 29, 2026).
| Photo Credit: AP

Federal Reserve Chair Jerome Powell said on Wednesday (April 29, 2026) ​he will stay on as a central bank governor for an undetermined period of time when his leadership term ends next month, amid hopes ‌that ongoing political attacks on the institution will start to settle down.

“After my term as chair ends ​on May 15, I will continue to serve as a governor for a period of time to ⁠be determined,” Mr. Powell told a news conference after his last policy meeting as chair.

By Mukesh

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