Federal Reserve Chair Jerome Powell said he will continue serving as a governor after his chair term ends May 15, with his board seat running through 2028. He indicated he would keep a low profile, noting there is only one chair and that Kevin Warsh will assume the role upon confirmation. Powell said a Justice Department decision to drop a probe into Fed renovation costs cleared the way for Warsh’s confirmation. Powell added, “My concern is legal attacks on the Fed, which threaten our ability to

Federal Reserve Chair Jerome Powell said he will continue serving as a governor after his chair term ends May 15, with his board seat running through 2028. He indicated he would keep a low profile, noting there is only one chair and that Kevin Warsh will assume the role upon confirmation. Powell said a Justice Department decision to drop a probe into Fed renovation costs cleared the way for Warsh’s confirmation. Powell added, “My concern is legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors.”