Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism ‘unprecedented’

Key Points

Fed Chair Jerome Powell on Wednesday said he will stay on the Board of Governors for an indefinite period while a probe into the renovation of the central bank’s headquarters continues.
The statement resolves for the moment a key question that hovered over the Federal Open Market Committee meeting.
“The things that have happened really in the last three months have, I think, left me no choice but to stay until I see them through at least that long,” Powell said.

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Finance

Here’s what changed in the new Fed statement

April 29, 2026

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on Dec. 13, 2023. Liu Jie | Xinhua News Agency | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in […]

Finance

Kalshi bettors see Powell staying on as Fed governor after chair term ends

April 29, 2026

Key Points Bettors on Kalshi think there’s just a 30% chance Powell leaves by June. On Polymarket, bettors think there’s an 87% chance he leaves between May 15 and May 22. Powell will address reporters after the Fed meeting today, where he is expected to be asked about his future as a governor. Source

Bill Ackman’s billion Pershing Square IPO to start trading, testing Berkshire-style vision

Finance

Bill Ackman’s $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision

April 29, 2026

Key Points The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations. The transaction creates two separately traded entities on the New York Stock Exchange: closed-end fund Pershing Square USA Ltd., which will trade under the ticker PSUS, and asset manager Pershing Square Inc., listed […]