One of President Donald Trump’s most notable second-term foils has been Federal Reserve chairman Jerome Powell, who has repeatedly defied the president’s calls to dramatically lower interest rates.
After the central bank once again decided to keep rates the same at this week’s meeting, Powell shared his decision on a topic that has been widely speculated on across the financial and political realms.
The New York Post provided this report:
Powell confirmed he will stay on as a member of the Board of Governors after his term as chair expires May 15, extending his tenure at the Fed in defiance of efforts by President Donald Trump’s allies to pursue criminal charges against him over cost overruns tied to the central bank’s headquarters renovation.
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