The current chair of the Federal Reserve, who has often been at odds with the Trump administration, cites attacks against the institution to justify his decision.

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Powell’s term as the central bank chair expires next month.

The central bank chair said he had “no choice” but to remain at the Federal Reserve as it faces a “series of legal attacks.”

Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.

Powell's news conference after holding rates covered the US-Israel war with Iran, inflation, legal attacks, and the Fed's independence.

Jerome Powells Amtszeit als Fed-Chef endet Mitte Mai. Doch er will als gewöhnlicher Notenbankgouverneur bleiben – und treibt damit Trump zur Weißglut.

Jerome Powell staying on as governor and Kevin Warsh’s unclear stance signal a new era of policy uncertainty for markets.

US Federal Reserve Chair Jerome Powell on Wednesday urged central bank independence as he nears the end of his term on May 15. He said he would remain a Fed governor, drawing…