US Federal Reserve Chair Jerome Powell's tenure as chief will end in May, but he could stay on as a board member until 2028

US Federal Reserve Chair Jerome Powell's tenure as chief will end in May, but he could stay on as a board member until 2028

The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a key policy meeting, likely the last chaired by central bank chief Jerome Powell, a frequent target of President Donald Trump's ire.

Policymakers will weigh the risks of surging energy prices and snarled supply chains due to the US-Israel war on Iran, with analysts widely expecting a third pause in a row as the effects of the conflict ripple through the world's largest economy.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

Tags

Recommended for you