Source: New York Post
Jerome Powell confirmed this week that he won’t leave the Federal Reserve next month after he steps down as chairman – but some of his detractors are already floating ideas on how to change his mind, On The Money has learned. “My advice is to take away his parking privileges in the Fed building,” said one economist close to the White House and President Trump, adding that he wasn’t joking. That’s after the 73-year-old Powell on Wednesday confirmed he will stay on as a member of the Fed’s Board of Governors after his term as chair expires May 15.
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