Jerome Powell announced that he plans to remain on the Federal Reserve board after his chair term concludes. He cited ongoing legal challenges from the Trump administration as the reason for his decision.

Jerome Powell said he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time”, citing the “unprecedented” legal attacks against the central bank by the Trump administration. “I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Powell said at a press conference after the Fed announced its decision to keep its benchmark interest rate steady. Powell’s decision....