Fed’s Powell Says He Will Stay on as Governor After Chair Term Ends
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Federal Reserve Chair Jerome Powell said on Wednesday he will stay on as a central bank governor when his leadership term ends next month.
“After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined. I plan to keep a low profile as a governor,” Powell said in a press conference following the latest Federal Open Market Committee meeting.
(Reporting by Michael S. Derby; Editing by Chris Reese)
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