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Powell says he planned to retire from Fed but is staying on until DOJ probe is ‘well and truly over’

May 12, 2026
in Market & News
Reading Time: 1 min read
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#JeromePowell, who is nearing the end of his tenure as chair of the #FederalReserve, explains that he had long planned to retire from the Fed when his term ended, but now plans to stay on until a #DOJ investigation is “well and truly over with transparency and finality.”

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