Powell Says He’ll Stay at Fed as Governor With ‘Low Profile’

Jerome Powell said he’ll remain at the Federal Reserve as a governor after his term as chair of the central bank ends, putting an end to months of speculation as to whether he planned to stay or go.

The decision breaks with the precedent of past Fed chairs leaving the institution when their leadership term expires, but Powell said ongoing threats of criminal investigations into him and the central bank left him with no option but to stay.