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Powell: No intention to leave the Federal Reserve early, may continue to serve until the investigation is concluded
Federal Reserve Chairman Powell stated that he has no intention of leaving his position at the Federal Reserve until the U.S. Department of Justice's investigation is "completely concluded with transparency and finality."
Reports indicate that Chairman Powell's term will end on May 15, but his term as a governor will continue until early 2028, theoretically allowing him to remain in office. Powell stated that he would decide whether to continue serving based on what is "most beneficial for the institution and the public."
This statement may affect the pace of personnel adjustments to the Federal Reserve under the Trump administration. Currently, Trump has appointed several governors, and if Powell were to leave, it could further expand his influence at the Federal Reserve.
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