Powell Says He Has No Intention to Leave Fed Until DOJ Probe Over

The Federal Open Market Committee left interest rates unchanged at its meeting, and Fed Chair Jerome Powell said at the post-meeting news conference that he plans to remain at the Fed until the Justice Department's investigation is complete. Powell's comment signals continuity in leadership through the investigation, while the unchanged rate decision maintains current monetary policy settings.

Analysis

The Federal Open Market Committee left interest rates unchanged at its meeting, and Fed Chair Jerome Powell said at the post-meeting news conference that he plans to remain at the Fed until the Justice Department's investigation is complete. Powell's comment signals continuity in leadership through the investigation, while the unchanged rate decision maintains current monetary policy settings.