Powell Says He’ll Stay on as Governor After Term as Chair Ends

Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends.

“After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.

While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028.

“I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh ...