Powell says he’ll stay at Fed after chair term ends, citing attacks by Trump team

Jerome Powell said he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time”, citing the “unprecedented” legal attacks against the central bank by the Trump administration.“I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Powell said at a press conference after the Fed announced its decision to keep its benchmark interest rate steady.Powell’s decision to stay denies US President Donald Trump a chance to fill a seat on the central bank’s seven-member governing board with his own appointee.