""My concern is really about the series of legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors," Powell told reporters."
""I worry that these attacks are battering the institution," he added, emphasizing the importance of the Fed's independence."
""I will keep a low profile and not interfere with Warsh's leadership," Powell stated, attempting to reassure the public about his intentions."
""Jerome 'Too Late' Powell was criticized by Trump on social media, highlighting the political tensions surrounding the Fed's decisions on interest rates.""
Jerome Powell announced he will stay on the Federal Reserve board after his chairmanship ends, breaking tradition. His decision follows the Justice Department's investigation into the Fed's headquarters renovation. Powell expressed concern over legal attacks on the Fed that could impact monetary policy. He aims to maintain a low profile and not interfere with Kevin Warsh's leadership. This situation is unprecedented since 1948. Powell's presence may help Warsh navigate pressures from the president regarding interest rates amid rising inflation.
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