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Powell: Will remain as a board member after May 15th, serving in a low-profile capacity
BlockBeats News, April 30 — Federal Reserve Chair Jerome Powell stated that he welcomes the Department of Justice’s announcement last Friday (withdrawal of investigation into Powell). Over the past weekend, the Department of Justice provided assurances that they will not reopen the investigation unless there is a criminal referral.
I stand by my position; I will not leave until the Department of Justice’s investigation is thoroughly concluded. I will continue to serve as a board member after May 15.
I will continue to serve as a Federal Reserve Board member for an indefinite period. I will serve as a board member in a low-profile manner. (Jin10)