Powell says he'll stay at Fed as governor after his term as chair ends in mid-May

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2. Jerome Powell, whose term as Fed chair is ending, will remain on the board until DOJ probe is over

The outgoing Federal Reserve chair said he plans to keep a "low profile" as a governor after his successor, Kevin Warsh, takes over.

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https://www.nbcnews.com/business/economy/powell-will-remain-fed-board-doj-probe-rcna342522

Federal Reserve Chair Jerome Powell made it clear Wednesday he’s not going anywhere just yet.

After the Fed once again held interest rates steady, Powell told reporters he plans to remain on the Board of Governors, even as he prepares to hand over the chairmanship to Kevin Warsh next month. He said he plans to maintain a “low profile” as a governor, but it will be the first time since 1948 that a Fed chair has stayed on at the end of their chairmanship.

"I will leave when I think it's appropriate to do so," Powell said.

Ultimately, the Fed leader said his decision was informed by concern for the central bank's independence, which he said was "at risk."

“My concern is really about the series of legal attacks on the Fed which threaten our ability to conduct monetary policy without considering political factors,” he said, alluding to the Justice Department's criminal probe against him, which has since been dropped. Still, the DOJ has said it would reopen the investigation if warranted.

"I've said that I will not leave the board until this investigation is well and truly over with transparency and finality, and I stand by that," Powell said.