Powell Says He'll Continue to Serve as Fed Governor, But With a 'Low Profile'

• Powell welcomed the announcement by the DC attorney that a criminal investigation was closed, with assurances from the DOJ not to reopen it without a criminal referral.
• He stated he would continue to serve as a Fed governor after his term as Chair ends on May 15, but would maintain a 'low profile'.
• Powell congratulated Kevin Warsh, implying he would be the next Chair of the Federal Reserve Board and FOMC.

Federal Reserve Chair Jerome Powell addressed the closure of a criminal investigation, confirming he will remain a Fed governor with a 'low profile' after his term as Chair ends on May 15. He expressed confidence in the Fed's integrity and capability, and congratulated Kevin Warsh as the likely incoming Chair.