AS President Donald Trump and his advisers begin weighing replacements for Federal Reserve (Fed) chair Jerome Powell, they’re running into one significant complication: It’s not clear that Powell will leave the US central bank next year.
The Fed chief has repeatedly declined to say whether he will step down when his four-year term as chair expires in May, or remain on the Fed board – something he could technically do until his tenure as a governor expires in January 2028.
