Jerome Powell announces that he will remain as Fed governor, will keep a ‘low profile’

Jerome Powell announced on Wednesday that he would remain as a governor of the Federal Reserve (Fed) after the end of his term as chairman of the institution on May 15, promising to keep a “low profile.” …

Jerome Powell announced on Wednesday that he would remain as a governor of the Federal Reserve (Fed) after the end of his term as chairman of the institution on May 15, promising to keep a “low profile.”

The central banker welcomed the closure of the judicial investigation against him, finalized on Friday, but specified that he plans to stay at least until the completion of the investigations launched by the Fed’s inspector general regarding the Fed building renovation project.