Axios
Fed keeps rates on hold, Powell says he will remain in place until successor confirmed
The Federal Reserve on Wednesday kept interest rates steady, and chair Jerome Powell said that he will remain in place until his successor is confirmed, raising the prospect that he could continue leading the central bank after his term is up May 15. Why it matters: Powell's remarks set up a high-stakes standoff with the Trump administration over who will lead the world's most important central ba
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