Powell: Will Stay on as Fed Governor After May 15, Will Serve in Low-Key Manner

BlockBeats News, April 30th — Federal Reserve Chairman Powell stated that he welcomes the Department of Justice's announcement last Friday (regarding the termination of the Powell probe). Over the past weekend, the Department of Justice provided assurance that the investigation would not be reopened unless there is a criminal referral.

I stand by my position and will not step down until the Department of Justice's investigation is entirely concluded. I will continue to serve as a governor after May 15th.

I will continue to serve as a Federal Reserve governor for an undetermined period. I will maintain a low-profile presence as a governor. (Krypton)