Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism ‘unprecedented’
u/TACO_Orange_3098 ·
Reddit — r/StockMarket
· April 29, 2026 at 23:10
· ⬆ 136 pts
· 💬 24 comments
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Summary
The post reports that Fed Chair Jerome Powell will remain on the Board of Governors after his chairmanship ends, citing an ongoing probe into the renovation of the Fed’s headquarters.
The author expresses personal gratitude and approval of Powell’s decision to stay, viewing it as a positive for institutional stability.
The post is a simple news link with a brief opinion; it lacks original analysis, data, or a defined investment thesis.
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[https://www.cnbc.com/2026/04/29/jerome-powell-says-he-will-continue-to-serve-as-a-fed-governor-even-after-chairmanship-ends-.html](https://www.cnbc.com/2026/04/29/jerome-powell-says-he-will-continue-to-serve-as-a-fed-governor-even-after-chairmanship-ends-.html)
* Fed Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a probe into the renovation of the central bank’s headquarters continues.
* The statement resolves for the moment a key question that hovered over the Federal Open Market Committee meeting.
* “The things that have happened really in the last three months have, I think, left me no choice but to stay until I see them through at least that long,” Powell said.
Federal Reserve Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a probe into the renovation of the central bank’s headquarters continues.
“I’ve said that I will not leave the board until this investigation is well and truly over with transparency and finality, and I stand by that. I’m encouraged by recent developments, and I’m watching the remaining steps in this process carefully,” Powell said near the beginning of his post-meeting news conference.
“My decisions on these matters will continue to be guided entirely by what I believe is in the best interest of the institution and the people we serve after my term as chair ends on May 15, and will continue to serve as a governor for a period of time to be determined,” he added.
THANK YOU CHAIR POWELL !!! So glad you are staying on !!