Federal Reserve Chair Jay Powell said Wednesday he would remain on the U.S. central bank’s board after his term as chair ends — a direct response to the Trump administration’s aggressive legal campaign to control the Fed.
Powell’s decision to stay as governor is historically unusual. But speaking to the press this afternoon, Powell said he remained concerned about the White House’s efforts to shape monetary policy.
“These legal actions by the administration are unprecedented in our 113-year history, and there are ongoing threats of additional such actions,” Powell said. “I worry that these attacks are battering the institution.”
