"Fed Mouthpiece": Powell States Will Continue to Serve as Chair if No Successor Is Confirmed

Techub News reported, according to The Wall Street Journal, "Fed Whisperer" Nick Timiraos stated that Federal Reserve Chairman Jerome Powell revealed that if a successor is not confirmed before his term ends on May 15, he will continue to serve as the Fed Chair. Powell further indicated that as long as the Justice Department's investigation into him is not concluded, he will not leave the Federal Reserve Board. He has not yet decided whether he would continue to serve as a Fed governor if the investigation concludes and a successor takes over as Chair. It is confirmed that after Powell's term as Chair ends, he can serve as a Fed governor until 2028.