off-the-wire

Fed's Powell declines to comment on staying on at Fed after his chair term

Kitco Media
By Reuters
Published:
Updated:
Reuters
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Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday declined to say whether he will stay on at the Fed after his term as chair ends, or whether the central bank has responded to subpoenas involving renovation work at the central bank.

When it comes to finishing out a governor’s term that ends in 2028 and extends beyond the end of his chair term in May, Powell said at a press conference that “there's a time and place for these questions" but the matter is "not something I'm going to be getting into today.”

As for the legal investigation, the Fed leader said “I have nothing for you on that today."

Reporting by Michael S. Derby; Editing by Chris Reese

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