Powell vows to stay on Fed board, warns legal attacks
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- Jerome Powell said he will stay on the Federal Reserve board after his chairmanship ends next month.
- Jerome Powell described the Trump administration’s legal actions as “unprecedented”.
- Trump administration has launched legal challenges that Powell says threaten the Fed’s independence.
- Federal Reserve independence is at risk, according to Powell’s warning.
- Jerome Powell made the remarks on Wednesday, April 30, 2026.
Why it matters: Powell's decision to stay on the board ensures continuity in Fed leadership, while his warning that unprecedented legal attacks from the Trump administration threaten the central bank's independence signals a potential erosion of the Fed's autonomy, which could affect confidence in U.S. monetary policy.
