Jerome Powell weighs future at Fed after criminal probe concludes
Updated
Updated · CNBC · Apr 24
Jerome Powell weighs future at Fed after criminal probe concludes
9 articles · Updated · CNBC · Apr 24
The Justice Department has referred its investigation into Fed headquarters renovations to the central bank's inspector general, leaving Powell to decide whether to remain as governor or depart early.
President Trump has threatened to fire Powell if he does not leave after his term as chair, while Powell's potential successor, Kevin Warsh, faces criticism over Fed independence and awaits Senate confirmation.
Markets and policymakers are closely watching Powell's next move, as his decision could affect Fed credibility, future policy, and the balance of Trump appointees on the Board of Governors.
How will this leadership transition at the world's most powerful central bank impact the global economy?
How will Jerome Powell's final decision on his tenure shape his ultimate legacy?
Is Wall Street prepared for the 'regime change' promised by the incoming Fed chair?
What does the push for a 'System first' overhaul mean for the Federal Reserve's future operations?
Will the Inspector General's probe reveal who is accountable for the Fed's renovation cost overruns?