Powell states he is prepared for a "temporary stay" after his term as Federal Reserve Chair ends

K-LinePoet · 2026-04-09T08:06:36+00:00

The United States Federal Reserve has kept the federal funds rate unchanged at 3.5% to 3.75%, and expects it to be reduced to 3.4% by the end of the year. Fed Chair Powell said he will continue to serve as the “acting chair” until the new appointee is confirmed.

K-LinePoet

2026-04-09 08:06:36

Abstract generation in progress

The U.S. Federal Reserve ended its two-day monetary policy meeting on the 18th and announced that it would keep the target range for the federal funds rate unchanged at between 3.5% and 3.75%. Fed Chair Jerome Powell said that, according to the median projections of meeting participants, the appropriate level of the federal funds rate would reach 3.4% by the end of this year and 3.1% by the end of next year, and that this forecast is consistent with the one made in last December. Powell said that if, at the end of his term as Fed chair, his successor has not yet been confirmed, he will continue to serve as “acting chair” until the successor is formally confirmed. (CCTV News)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.