The Hill - Federal Reserve Chair Jerome Powell is drawing backlash from Trump administration figures and allies after announcing his plans to stay at the central bank beyond his chairmanship. Powell said Wednesday that he will remain on the Fed board for an undetermined amount of time after Kevin Warsh takes over as chair given the various legal threats he believes the bank still faces.
While Powell has pledged to keep a “low profile,” top Trump allies are fuming, and some economists say it could lead to a clash on the board of governors between the new and old chair.
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