Powell's Future at Fed Uncertain

Tonight, a parent will look down at her newborn and say: let’s wait. The virus will not. Neither will the bleed.

National Economic Council Director Kevin Hassett said Monday that he expects Federal Reserve Chair Jerome Powell to leave the central bank’s board of governors if he is “happy” with a forthcoming internal report on the Fed’s renovations, which have been repeatedly criticized by President Trump. Powe

The banking giant posted earnings per share of $3.43, compared to forecasts of $3.02.

Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.