The claim
“Fed chair Jerome Powell says he will stay on central bank's board after term expires next month The Fed held interest rates steady on Wednesday.”
Our verdict
True
Multiple sources confirm that Jerome Powell stated he will remain on the Federal Reserve Board after his chair term ends next month, and that the Fed held interest rates steady at its Wednesday meeting.
What we found
Multiple sources confirm that Jerome Powell stated he will remain on the Federal Reserve Board after his chair term ends next month, and that the Fed held interest rates steady at its Wednesday meeting.
The evidence
2 sources, all background: none settles the claim either way.
- Background
Powell told reporters he intends to continue serving as a governor after his chair term ends, citing the need to see an ongoing investigation into the Fed headquarters renovation through to completion.
finance.yahoo.com· Powell's intent to stay on board - Background
The Federal Reserve voted to hold interest rates steady at its Wednesday meeting, as reported by NPR and other outlets.
npr.org· Fed interest rate decision
How we checked
We reviewed 2 relevant sources.
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