Trump: Doesn’t care whether Powell remains as a Fed governor
Svmuu reported that U.S. President Trump stated he doesn't care even if Powell stays on as a Fed governor after his term as Fed Chair ends. Powell’s term as Fed Chair ends on May 15, but his term as a governor does not expire until 2028. He has indicated his intention to "continue serving as a governor for an unspecified period." Meanwhile, Kevin Warsh is expected to secure full Senate approval before Powell’s term ends, and Powell’s continued presence could complicate Trump’s efforts to reshape the Fed. When asked whether he plans to take any action regarding Powell’s decision to remain as a governor, Trump replied, "No, I don't care if he stays. I just want to make sure Kevin can take that position."
Source:Odaily · Source Link
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