Baoquan responded to whether to stay or leave: Will not resign until investigation concludes, or will continue to serve as acting chair

BlockBeats News, March 19th. Federal Reserve Chairman Powell publicly responded for the first time to the impact of the Department of Justice's investigation on his tenure, stating that he has no intention of leaving the Board until the investigation is thoroughly completed and may continue to serve as acting chairman until a successor is confirmed.

Powell stated that it is undecided whether he will complete his term as a board member until 2028, which will depend on the most beneficial choice for the institution and the public. The Department of Justice's investigation is still ongoing, and the related legal procedures are a key consideration for his retention.

At the same time, the Federal Reserve's latest interest rate meeting has once again kept the rate in the range of 3.5% to 3.75%. Powell downplayed expectations of a short-term rate cut during the press conference, emphasizing that the current policy is close to a neutral level, and there is insufficient reason to cut rates before the economy shows significant weakness.