Powell Stands Firm as Fed Chair Despite Legal Pressure
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Federal Reserve Chairman Jerome Powell has reaffirmed his commitment to serve his full term amid legal and political noise.
According to Odaily:
Powell stated that U.S. law prevents the President from dismissing him from his role.
He intends to remain Fed Chair until May 2026 and on the Board until January 2028.
He also believes the Supreme Court case under review won’t impact the Fed’s independence.
Key Takeaway:
Despite any potential pressure from President Trump, Powell is not stepping down—he's here to stay.
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