WASHINGTON ¨C Federal Reserve Chair Jerome Powell?said on Wednesday he will stay on as a central bank governor for an undetermined period of time when his leadership term ends next month, amid hopes that ongoing political attacks on the institution will start to settle down.
¡°After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,¡± Powell?told a news conference after his last policy meeting as chair.
¡°I¡¯m ?not looking to be ... a high-profile dissident or anything like that,¡± the central bank chief said. Instead, Powell?said he wants to see that the ?political climate ?around the central bank has ¡°calmed down¡± and that the Fed can instead be more focused on its core mission.
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