Powell Says He'll Stay on as Governor After Term as Chair Ends

• Powell will remain on the Board of Governors until an investigation is 'well and truly over' with transparency and finality.
• He had planned to retire but is staying due to 'actions that have been taken' and 'things that have happened in the last three months'.
• His decisions are guided by the best interest of the institution and the people it serves, and he believes his continued presence will not interfere with the Fed's work.

Jerome Powell, Federal Reserve Chair, announced his intention to remain on the Board of Governors until an ongoing investigation is fully resolved, despite his prior plans for retirement. He emphasized that his decision is driven by the best interests of the institution and the people it serves, citing recent developments as a compelling factor.