Federal Reserve Chair Jerome Powell announced Wednesday he will remain on the Fed’s Board of Governors after his term as chair ends May 15, citing what he called “unprecedented” legal attacks on the central bank’s independence by the Trump administration.
“My concern is really about the series of legal attacks which threaten our ability to conduct monetary policy without considering political factors,” Powell said at what is his final press conference as chair. “These legal actions by the administration are unprecedented in our 113-year history, and there are ongoing threats of additional such actions.”
