Powell says he is staying on Fed board “for a period of time to be determined” after chair time period ends

Jerome Powell held his final information convention as Federal Reserve chair on Wednesday, saying his intention to remain on the central financial institution’s board as a governor "for a period of time to be determined" following the top of his time period.

CBS News 24/7 is the premier anchored streaming information service from CBS News and Stations that’s out there free to everybody with entry to the web and is the vacation spot for breaking information, dwell occasions, authentic reporting and storytelling, and packages from CBS News and Stations’ high anchors and correspondents working regionally, nationally and across the globe. It is offered on greater than 30 platforms throughout cell, desktop and related TVs totally free, in addition to CBSNews.com and Paramount+ and dwell in 91 nations.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News 24/7: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on X: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: [email protected]