Trump: I don't care whether Powell stays as Fed Governor or not

Jinse Finance reported that on May 1, U.S. President Trump stated that he does not care if Powell remains as a board governor after his term as Federal Reserve Chairman ends. Powell’s term as Chairman will end on May 15, but his term as a board governor does not expire until 2028. Powell said he intends “to continue serving as a governor for an undetermined period.” On the other hand, Kevin Warsh is expected to receive approval from the full Senate before Powell’s term as Chairman ends, and Powell’s continued presence may complicate Trump’s efforts to reshape the Federal Reserve. When asked whether he was prepared to take any action regarding Powell's decision to remain a board governor, Trump replied, “No, I don’t care if he stays. I just want to make sure Kevin can take on this role.”