Fed Chair Powell says he will remain on board, term undecided

U.S. Federal Reserve Chairman Jerome Powell announced he will not step down from his post until a Department of Justice (DOJ) investigation is fully concluded. Powell stated he will remain on the board after May 15, though his term has not yet been determined, adding that he would serve with humility. He explained that while he had been preparing to retire, recent events and attacks over the past few months prompted his decision to stay at the Fed until all matters are resolved.