Powell to remain as Fed governor, denying Trump a key vacancy

Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference.Why it matters: It extends Powell's influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028.It denies President Trump the immediate opportunity to fill a vacancy on the influential Fed board.Powell's term as chair ends o...