Powell Says He Is Staying Due to 'Legal Attacks' on Fed -- WSJ

Dow Jones02:51

By Harriet Torry

Jerome Powell used his opening remarks to explain his decision to stay on the Federal Reserve Board after his term as chair ends next month. Powell said recent, unprecedented legal attacks on the Federal Reserve are battering the institution and are putting at risk its ability to conduct monetary policy without political influence. He specified that his decision to stay had "nothing whatever to do with verbal criticism by elected officials," but is a direct result of the ongoing legal threats. Powell pledged to keep a low profile on the board, but will continue to serve for a period of time "to be determined."

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 29, 2026 14:51 ET (18:51 GMT)

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Powell said recent, unprecedented legal attacks on the Federal Reserve are battering the institution and are putting at risk its ability to conduct monetary policy without political influence. He specified that his decision to stay had \"nothing whatever to do with verbal criticism by elected officials,\" but is a direct result of the ongoing legal threats. Powell pledged to keep a low profile on the board, but will continue to serve for a period of time \"to be determined.\" \n\n\n       This item is part of a Wall Street Journal live coverage event. 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