Powell Responds to Stay-or-Go Question: Will Not Resign Until Investigation Concludes, May Continue as Interim Chair

MarsBitNews · 2026-03-19T00:40:23+00:00

Federal Reserve Chair Powell responds to Department of Justice investigation, stating he will not leave the Board before the investigation concludes and may continue serving as Chair until his successor is confirmed. Currently, interest rates are maintained in the 3.5%-3.75% range, with rate cut expectations being downplayed.

MarsBitNews

2026-03-19 00:40:23

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Crypto Mars News: On March 19, Federal Reserve Chair Jerome Powell publicly responded for the first time to the impact of the Department of Justice investigation on his tenure, stating that he has no intention of leaving the Board until the investigation is thoroughly concluded and may continue serving as interim chair until a successor is confirmed. Powell said that whether he will serve the full term until 2028 has not been decided and will depend on what is most beneficial for the institution and the public. The Department of Justice investigation is still ongoing, and related legal procedures are an important consideration for his continued service. Meanwhile, the Federal Reserve’s latest policy meeting kept interest rates unchanged for the second consecutive time at 3.5% to 3.75%. Powell downplayed short-term rate cut expectations during the press conference, emphasizing that current policy is close to neutral, and there is little reason to cut rates until the economy shows clear signs of weakening.

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