Behind Powell’s decision to stay at the Fed
“Stay or go, there are risks on either side of this,” one economist said.
From The Times
April 30, 2026

Jerome Powell said he would remain a governor at the Federal Reserve after his term as chair ends. The move is a bid to guard against further incursion by the Trump administration on the central bank’s independence.

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Anna Rose Layden for The New York Times

In choosing to stay, Powell used the one tool of leverage he had left. →

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