Posted on 04/30/2026 5:05:36 AM PDT by V_TWIN
WASHINGTON (AP) — Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for a period of time, to be determined,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation’s central bank at risk.
“I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Powell said in remarks at a press conference after the Fed announced its decision to keep its benchmark interest rate unchanged.
Powell’s decision to stay — the first time a Fed chair will remain on the board as a governor since 1948 — denies President Donald Trump a chance to fill a seat on the central bank’s seven-member governing board with his own appointee. The Senate Banking Committee earlier approved Powell’s successor as chair, Trump appointee Kevin Warsh, on a party-line vote. Powell will continue as a Fed governor, possibly until January 2028. Warsh, if confirmed, will take a seat currently held by Stephen Miran, a previous Trump appointee, whose term ended in January.
Powell’s move could make it a bit harder for Warsh to engineer the rate cuts that Trump has demanded, and Warsh advocated for last year, economists say.
(Excerpt) Read more at apnews.com ...
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Apologies for such crappy news about this little weasel so early in the morning.
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Scumbag has no concern for the average American who cannot afford high interest rates. Low interest rates creates prosperity.
He’ll be one of five right? Does it change anything?
“independence of the nation’s central bank”
Is this intended to be a joke?
Your description fits every democrat on Capitol Hill.....and a few repubs for that matter.
Frustrating as hell it is.
Its intended to EFF with President Trump as much as humanly possible.
Kindergarten tactics by a total loser, harming everyday American citizens.
Apologies to genuine mustela nivalis.
J. Powell will be fireable on 5/16 by the president. Trump won’t hesitate.
I hope I’m wrong but from the research I’ve done getting rid of powell won’t be so easy.
It will be one indictment after another until he eventually steps down. The DOJ isn’t messing around anymore.
I don’t think there’s ever been a Fed Chairman who stayed on after leaving that post, so why should Powell be any different?
No, wait. Not since 1948. But still, why should he be any different (since 1948)?
Maybe - interest rates wouldn’t be a problem if all interest expense was tax deductible.
He’s basically saying it’s about my ego, not the American people.
Get his badge and show him the door!
Agree firing Powell after his term as chair ends won’t be easy. I think there is cause with his behavior blocking transparity on the renovations budget. His support of Cook is another matter. I have a feeling Trump would love to call me to the oval office and say you are fired.
So, we do have kings.
Fire his sorry azz!
Unreal the amount of incompetence and self importance.
Is he able to legally do that? Obviously, he’s hoping a democrat is elected President. What a snake!
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