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2026 › April › 29

Powell

3 months ago

Central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair
Investors are starting to draw conclusions on what Powell's tenure has meant for Wall Street.
The outgoing leader may be staying on in a lesser capacity, but he won't be a spoiler in Kevin Warsh's Fed.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Bettors on the platform don't think Powell will leave until August. If he stays on until then, he'd attend two more meetings of the FOMC.
Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.
The central keeps interest rates steady at 3.5 - 3.75 percent amid inflation concerns and global economic strain.
How the US President Donald Trump and Federal Reserve chair Jerome Powell came to blows.
The Federal Reserve is widely expected to keep its key interest rate at the target range of 3.5% to 3.75%.

A Senate committee is poised to advance Trump’s pick as doubts linger over the Fed’s independence and Powell’s future

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