Federal Reserve Chairman Jerome Powell (when asked for advice on his successor) said that he must gain the approval of congressional regulators to obtain legitimacy in a democratic society and must earn the chairmanship on his own merits.

2026-01-29

Federal Reserve Chairman Jerome Powell (when asked for advice on his successor) said that he must gain the approval of congressional regulators to obtain legitimacy in a democratic society and must earn the chairmanship on his own merits.