Instant Reaction: Jay Powell on the Fed Decision

About this episode

Bloomberg's team discusses Jay Powell's remarks following the Federal Reserve's latest policy decision.

Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance. Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference. While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.” See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Tom Keene, Jonathan Ferro, Lisa Abramowicz

Topics covered

• Federal Reserve
• Jay Powell
• monetary policy
• economic outlook
• financial news

Keywords

• Jay Powell
• Federal Reserve
• policy decision
• monetary policy
• economic news

Mentioned in this episode

Organizations: Federal Reserve, Bloomberg

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