Powell Says He Has No Intention to Leave Fed Until DOJ Probe Over

• Powell stated he would serve as Chair Pro Tem if a successor is not confirmed by May 15th, adhering to legal precedent.
• He has no intention of leaving the Fed board until the Justice Department's investigation is 'well and truly over, with transparency and finality'.
• Powell has not yet decided whether to continue as a governor after his term and the investigation, indicating the decision will prioritize the institution's best interest.

Federal Reserve Chair Jerome Powell addressed questions regarding his tenure, stating he would serve as Chair Pro Tem if a successor isn't confirmed by May 15th. He also affirmed his intention to remain on the board until the Justice Department's investigation is fully concluded with transparency and finality, emphasizing his commitment to the institution.