Fed Chair Powell says that he will serve as Fed Chair until his successor is confirmed

• Fed Chair Powell will serve as Chair pro tem until his successor is confirmed.
• He intends to remain on the Board until an ongoing investigation is 'well and truly over, with transparency and finality'.
• Powell has not yet decided whether he will continue to serve as a governor after his term ends and the investigation is complete.

Federal Reserve Chairman Jerome Powell clarified his immediate future, stating he would serve as Chair pro tem until his successor is confirmed. He also committed to remaining on the Board until an ongoing investigation is concluded with transparency and finality, but has not yet decided if he will continue as a governor after his term ends and the investigation is over.