Powell plans to stay on at Fed after his term as chair ends, citing legal actions by administration

Jerome Powell plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation's central bank at risk.“I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Powell said in fairly candid remarks at a news conference after the Fed announced its decision to keep i...