Powell to Continue as Fed Governor, Low Profile

In a recent announcement, Jerome Powell, the current Chair of the Federal Reserve, stated that he will continue serving as a governor but with a 'low profile'. This decision comes after the US Attorney for the District of Columbia closed a criminal investigation against him. Powell also clarified that he will step back once Kevin Walsh, the incoming Chair, is sworn in and elected to chair the Federal Open Market Committee (FOMC). Powell expressed confidence in the Fed's continued success in achieving its goals.