Fed chair Jerome Powell says he will stay on as Govenor after term amid legal pressure
By Helene Braun
Published on April 29, 2026.
Current Federal Reserve Chair, Jerome Powell, has announced he will continue serving as Governor after his term ends in May. Speaking at a press conference following the Fed's decision to maintain interest rates at 3.5-3.75%, Powell expressed concerns about legal action against the central bank and stated he plans to keep a low profile. The decision was seen as a significant step forward in policymaking. However, the U.S. attorney for the District of Columbia stated that the case would remain under review by the Fed’s inspector general and could reopen it if new facts emerge. The announcement of potential policy changes led to a decrease in risk assets, particularly for bitcoin.
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