Powell Sticks Around

Jerome H. Powell says he won’t leave his post as Fed Chair until his successor is confirmed. And it’s not just about ensuring a smooth transition – he’s also waiting for a criminal investigation into his handling of renovations to wrap up. It’s a pretty clear ‘I’m not going down without a fight’ move.

The investigation isn’t going away

Powell’s decision to stay put means he won’t let the investigation run its course without him at the helm. It’s a bold move, and one that’s likely to draw plenty of scrutiny. Powell’s handling of the renovations has raised eyebrows, and it’s clear he’s not ready to let someone else take the reins just yet.