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Powell Stays At Fed

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Powell Stays At Fed

B
Benzinga

23 Views • Apr 30, 2026

Description

Fed Chair Jerome Powell said he will remain on the board past his May 15th term end to protect the Fed's independence from Trump administration legal attacks, breaking decades of precedent. Four officials dissented on rates — the most since 1992 — as Powell held at 3.5%–3.75% amid persistent inflation risks tied to energy shocks.