Politics

Powell's Fed Tenure Extended by Senate

Updated 2026-05-05 17:15 UTC 1 source Negative

Federal Reserve Chair Jerome Powell has announced his intention to remain a member of the Federal Reserve board after his term as chair expires this month, facing criticism from Senator Tim Scott.

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CNBC

Jerome Powell making a 'significant mistake' by staying on at the Fed, Sen. Tim Scott says

Federal Reserve Chair Jerome Powell has said he plans to remain a member of the Federal Reserve board after his term as chair expires this month.

2026-05-05 16:55 UTC