Powell's final dance is done At 2 a.m., as expected, Powell decided not to cut interest rates. This marks the third time this year he's stood firm against Trump, keeping rates unchanged. The most interesting part? Traditionally, when a Fed Chair steps down, the governors usually leave with them. But this old guy Powell said he’ll stay on as a governor after stepping down as Chair to uphold the Fed’s independence. Looks like he’s ready to go head-to-head with Trump till the end #Powell