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Fed Chair Powell to stay on until DOJ concludes
Summary
WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that he intends to remain at his post until a successor has been confirmed and added that he would remain on the Fed board until a Justice Department investigation into him has concluded. Speaking during a post-Federal Open Market Committee press conference Wednesday afternoon, Powell said that he may remain in his role beyond the end of his term — which expires May 26 — if a successor has not been confirmed.
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