Powell: Disagrees with Trump Administration's Approach, Had Planned to Retire but Had No Choice But to Stay

BlockBeats News, April 30th - Federal Reserve Chair Jerome Powell stated that it is crucial that people can rely on the Fed and that it remains free from political influence. Ongoing additional actions threaten the Fed's ability to fulfill its responsibilities.

"I will leave the Fed when I think the appropriate time comes. I do not agree with the government's approach," Powell said. "(When asked if staying on the Fed Board is politically motivated) I do not think so."

"The Fed must never get involved in politics, this is extremely important. I had planned to retire long ago, but recent government actions have left me no choice but to stay." (FXStreet)