US EditionFed's Powell dodges questions on his future, but has advice for his successor
Powell urged avoiding political influence in monetary policy and highlighted Congress as the key democratic oversight, while the Fed kept interest rates steady at 3.5%-3.75%.
- On Jan 27, Federal Reserve Chair Jerome Powell largely deflected questions about his future and a DOJ probe while the Federal Open Markets Committee held the interest rate range at 3.5% to 3.75%.
- The Justice Department has threatened Powell with criminal charges over Fed headquarters renovations, which he revealed in a Jan. 11 video amid grand jury subpoenas and political pressure claims.
- Powell urged the next Fed chair to defend the Fed's independence and avoid electoral politics, stressing that democratic legitimacy comes from active engagement with Congress.
12 Articles
12 Articles
Jerome Powell Has Some Advice for His Successor
Jerome Powell is defending his front-row seat at a Supreme Court showdown that could reshape the Federal Reserve's future. At a press conference Wednesday after the Fed held its key interest rate steady , the Fed chair said he attended last week's arguments in a case over whether President Trump can...
Fed Chair Jerome Powell dodges questions on criminal probe, his future — but has advice for his successor
Federal Reserve Chair Jerome Powell stuck mostly to form on Wednesday, deflecting questions from the press about both his future at the central bank and a criminal probe launched by the Trump administration, but he did offer some candid advice to whoever next fills his shoes.
Federal Reserve chair Jerome Powell offers three pieces of advice to successor—'Stay out of…'
US President Donald Trump has yet to confirm the name of the next chair of the Federal Reserve, and speculation is rife about Jerome Powell's successor, with a few names doing the rounds. Here's what the incumbent Fed chair had to say to his successor.
‘Don’t Do It’: Fed Chair Powell Tells Successor to Stay Out of Politics
Federal Reserve Chair Jerome Powell urged his successor to stay out of politics. Jacquelyn Martin/APFederal Reserve Chair Jerome Powell defended the central bank’s independence and urged his successor to stay out of elected politics at a press conference announcing interest rates on Wednesday.“Don’t get pulled into elected politics. Don’t do it,” Powell said in response to a question by CNN reporter Matt Egan.“Our window into democratic accounta…
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