Fed Chair Jerome Powell stays on board, thwarting Trump’s appointment push
Fast facts
- Category: Business
- Language: EN
- Published: 2026-04-29 23:10 UTC
- Sources: France 24 English
U.S. Federal Reserve Chair Jerome Powell announced he will remain a Fed governor after his term as Chair ends on May 15, effectively blocking President Donald Trump’s plan to appoint a new member. Powell framed the decision as essential to preserving central‑bank independence. Trump mocked the move, calling it a political stunt.
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