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April 30 — U.S. President Donald Trump said "Mr. Too Late" Jerome Powell wants to stay at the Federal Reserve because he can’t find another job — no one wants him. Earlier, Fed Chair Jerome Powell announced after the central bank’s policy meeting Wednesday (local time) that he will remain a Fed Board member once he steps down as chair, with his term extending through early 2028. This breaks the tradition of past Fed chairs leaving the board at the same time their successors take office.

April 30: Federal Reserve Chair Jerome Powell said during a press conference he will remain a Federal Reserve governor for "some time" following his departure as chair. He noted the Fed has faced unprecedented challenges over the past three months and is determined to defend the central bank’s independence. Powell clarified the challenges referenced were not political criticism, but solely legal ones. "The past three months have left me no choice but to stay on," he said. He added the Justice Department will not reinvestigate him unless the Inspector General recommends a criminal referral. Still, Powell is not satisfied with this resolution. "I’ll remain a Fed governor—my term length is to be determined," he noted, and pledged to "keep a low profile." (FXStreet)

**April 30: Fed Chair Powell Says Officials Not Leaning Toward Rate Hikes** Federal Reserve Chair Jerome Powell told a press conference on April 30 that while some officials voted against retaining dovish language in the latest monetary policy meeting statement, he does not believe policymakers are leaning toward raising interest rates. “It’s not so much about the need to hike rates now, but more a discussion of whether the Fed should keep a neutral policy outlook stance,” Powell said. (FXStreet)

April 30 – Federal Reserve Chair Jerome Powell said the number of officials backing a shift to a neutral policy stance has grown, signaling a possible move away from the central bank’s current dovish stance at the next meeting. More Fed policymakers now see equal odds of a rate hike or a rate cut, FXStreet reported.

April 30th: Fed Chair Powell says he will never be a shadow chair, respects the Fed chair role and will serve as a governor. (FX168)

April 30th — Federal Reserve Chair Jerome Powell emphasized that public trust in the Fed and its political independence are critical. Recent additional actions are jeopardizing the central bank’s ability to fulfill its core responsibilities. “I will step down from the Fed when the time is right. I disagree with the administration’s approach,” Powell said. When asked if his continued service on the Fed Board is politically motivated, he replied, “I don’t think so.” “The Fed must never get involved in politics — this is extremely important. I had planned to retire long ago, but recent government actions have left me no choice but to stay.” (Source: FXStreet)