""My concern is really about the series of legal attacks which threaten our ability to conduct monetary policy without considering political factors," Powell said at what is his final press conference as chair."
""These legal actions by the administration are unprecedented in our 113-year history, and there are ongoing threats of additional such actions," Powell stated."
"Powell did not specify how long he would stay, saying only that he would remain until 'this investigation is well and truly over, with transparency and finality.'"
""I'm literally staying because of the actions that have been taken. I had long planned to be retiring," Powell said."
Jerome Powell announced he will continue on the Federal Reserve's Board of Governors after his chair term ends on May 15. He cited unprecedented legal attacks on the Fed's independence from the Trump administration as a primary reason. Powell expressed concern over these legal actions, which threaten the Fed's ability to conduct monetary policy without political influence. He did not specify how long he would remain but emphasized the need for transparency regarding ongoing investigations.
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