Jerome Powell announced his intention to remain on the Federal Reserve board beyond his current chair term. He stated that unprecedented legal attacks by the Trump administration have jeopardized the central bank's independence.

<img alt="Close up of grey haired man&apos;s face" height="349" src="https://i.cbc.ca/ais/c37886d3-ce22-4cb5-a9d0-41e82cd28681,1777506785163/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C235%2C4512%2C2538%29%3BResize%3D%28620%29" title="U.S. Federal Reserve Chair Jerome Powell looks on during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S., April 29, 2026." width="620" /><p>Jerome Powell said Wedne...