Jerome Powell Says He Won’t Leave Fed Board Until Investigation Is Complete

Federal Reserve Chair Jerome Powell said he will not step down from the Fed Board until an ongoing investigation is completed, signaling he intends to remain in his role despite mounting scrutiny. Powell emphasized the importance of allowing the process to run its course before making any decisions about his future. The stance comes as pressure grows in Washington for greater accountability at the Federal Reserve. Critics argue transparency is essential for maintaining trust in financial institutions, while the situation adds to broader debates over oversight and independence of the central bank.