Powell Says He'll Continue to Serve as Fed Governor, But With a 'Low Profile'

Summary

Fed Chair Jerome Powell announces he will continue as a Fed governor after his chair term ends on May 15, keeping a low profile. He also discusses the closed criminal investigation and assurances from the DOJ.

• Powell says he will not leave the Fed board until the investigation is fully resolved.
• He plans to serve as a governor for a period of time after his chair term ends.
• Kevin Warsh is expected to become the new Fed chair after confirmation.
• Powell emphasizes the Fed's commitment to objectivity and serving the American people.