PANews April 30 news, according to Jin Shi reports, on the eve of the expiration of his term on May 15, Federal Reserve Chairman Powell publicly stated after the interest rate meeting on Wednesday local time that he would continue to stay at the Federal Reserve as a governor after stepping down as chairman, with his term extending until early 2028. This arrangement breaks the decades-long practice of previous chairmen leaving simultaneously when their successors take office. Just one week before his statement, officials from the U.S. Department of Justice had suspended the investigation into whether his supervisory actions in the Federal Reserve building renovation project involved criminal issues. Previously, in March, the court had halted the subpoenas issued to the Federal Reserve, while the Senate had also threatened to indefinitely delay the confirmation process for Kevin Warsh’s nomination. Powell stated that this ongoing legal controversy left him “no choice” but to continue his tenure until the relevant issues are dealt with “completely and transparently.” He also emphasized that he would serve in a “low-key” manner and would not interfere with Warsh’s leadership of the Federal Open Market Committee (FOMC).

After Powell announced his continued service as a governor, he faced dual attacks from the Trump administration. Treasury Secretary Mnuchin publicly accused him of “violating all Federal Reserve norms.” Trump mocked Powell in a post, saying he “couldn’t find any job elsewhere, and no one wants him.”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。