Powell Confirms He Will Stay as Fed Chair Pro-Tem

Federal Reserve Chair Jerome Powell confirmed he would remain as the central bank's leader if his successor is not confirmed by May, when his current term concludes. During a press conference following the latest Fed meeting, Powell stated, "If my successor is not confirmed by the end of my term as chair, I would serve as chair pro-tem until a successor is confirmed." This ensures leadership continuity and stability for monetary policy decisions during any potential transition period.