Powell said he will remain on the Fed’s board after his term as chair ends for an unspecified period.
"I will leave when I think it is appropriate to do so," Powell said Wednesday during the press conference following the Federal Reserve's decision to leave interest rates unchanged at 3.6%.
He also said he would not interfere with the work of presumptive successor Kevin Warsh.
Powell added that “inflation hasn’t peaked yet” and said the Fed will consider headline inflation, including the impact of oil and gas developments in the Middle East.
He added that the labor market is not currently stoking inflation.
Lee Barney ✉
Lee Barney, Newsmax’s financial editor, has been a financial journalist for 30 years, covering the economy, retirement planning, investing and financial technology.
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