Trump says he is unconcerned by Powell staying on Fed board
Updated
Updated · The Wall Street Journal · Apr 30
Trump says he is unconcerned by Powell staying on Fed board
16 articles · Updated · The Wall Street Journal · Apr 30
Speaking at the White House, Trump said Powell could remain after his chairmanship ends next month and stressed that his priority is securing Kevin Warsh as the next Fed chair.
The remarks indicate Trump is focused more on the leadership transition at the central bank than on whether Powell continues serving as a governor after stepping down as chair.
Powell's future role matters because Fed governors can remain influential in monetary policy even after a chair's term ends, shaping markets' expectations about continuity at the US central bank.
How will a former chair's presence on the board reshape the Federal Reserve's independence and its future interest rate policy?
With Powell staying as a governor, can new leadership build consensus for its expected major shift in monetary policy?