Powell says he will stay on Fed board after chair term and warns Trump legal attacks threaten independence

Powell calls Trump’s legal moves unprecedented—then reveals what comes next

Jerome Powell said he plans to remain on the Federal Reserve’s board after his chair term ends next month, for a period to be determined. He warned that what he called “unprecedented” legal attacks by the Trump administration could undermine the Fed’s independence, and suggested the move limits Trump’s ability to appoint a new governor.