Jerome Powell could stay at the Fed even after being removed as chair. Here’s what that means

Key Points

The saga over President Donald Trump’s efforts to reshape the Fed has another twist to it, revolving over whether current Chair Jerome Powell will leave after his term at the helm is finished.
Historical precedent has been for outgoing Fed chairs to leave their governor roles as well, but Powell could decide to buck that trend if he feels threats to central bank independence are stark enough.

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