Fed Chairman Powell's Final Act in Office: Calmly Handing Over, Plans to Remain as Governor
Fed Chairman Jerome Powell held his final press conference as chairman after a policy meeting, stating his intention to remain as a Fed governor after his term ends. As the approval process for new chairman nominee Kevin Warsh progresses, Powell mentioned the withdrawal of a Justice Department investigation against him and emphasized the Fed's political independence.
📋 Article Processing Timeline
- 📰 Published: April 30, 2026 at 05:21
- 🔍 Collected: April 30, 2026 at 05:31 (10 min after Published)
- 🤖 AI Analyzed: April 30, 2026 at 06:06 (35 min after Collected)
Central News Agency
(Washington, CNA, April 29, Comprehensive Foreign Report) The U.S. Federal Reserve (Fed) today once again kept interest rates unchanged in its policy meeting. Chairman Powell stated after the meeting that this was his last press conference as Fed Chairman, and he intends to remain as a Fed governor after his term as chairman ends.
According to Agence France-Presse, Powell (Jerome Powell) told reporters that he congratulated new Fed Chairman nominee Kevin Warsh on the progress made this morning in his review by the Senate Banking Committee. This is an important step, and he wished him success in the subsequent procedures.
Powell also noted that after his term as Fed Chairman ends on May 15, he will continue to serve as a governor for an unspecified period, keeping a low profile, and will depart when he feels it is appropriate.
He also mentioned that he was encouraged by the U.S. Department of Justice's withdrawal of its investigation against him and the Fed, and he is following up on subsequent developments. He reiterated that he would not leave the Fed until the investigation was "completely concluded" and emphasized that the Fed must operate "free from political influence." (Compiled by Chen Cheng-chien) 1150430
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(Washington, CNA, April 29, Comprehensive Foreign Report) The U.S. Federal Reserve (Fed) today once again kept interest rates unchanged in its policy meeting. Chairman Powell stated after the meeting that this was his last press conference as Fed Chairman, and he intends to remain as a Fed governor after his term as chairman ends.
According to Agence France-Presse, Powell (Jerome Powell) told reporters that he congratulated new Fed Chairman nominee Kevin Warsh on the progress made this morning in his review by the Senate Banking Committee. This is an important step, and he wished him success in the subsequent procedures.
Powell also noted that after his term as Fed Chairman ends on May 15, he will continue to serve as a governor for an unspecified period, keeping a low profile, and will depart when he feels it is appropriate.
He also mentioned that he was encouraged by the U.S. Department of Justice's withdrawal of its investigation against him and the Fed, and he is following up on subsequent developments. He reiterated that he would not leave the Fed until the investigation was "completely concluded" and emphasized that the Fed must operate "free from political influence." (Compiled by Chen Cheng-chien) 1150430
Stand with the facts, every sponsorship you provide is a force to protect press freedom.
Download CNA's "First-hand News" APP to stay updated with the latest news.
The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.