- Federal Reserve Chair Jerome Powell is currently under criminal investigation, contributing to the increasing political pressure he is facing.
- Despite the mounting challenges, Powell has publicly committed to remaining in his position until the end of his term.
- His term as the Chair of the Federal Reserve is set to conclude in May.
- Powell has explicitly stated that he will not resign voluntarily before his term expires.
- The circumstances surrounding the criminal investigation and political pressure are contributing to a contentious environment within the Federal Reserve.
- The situation emphasizes the complexities and difficulties of leading the central bank amid scrutiny and political tensions.
Source: https://www.foxnews.com/politics/powell-reveals-what-would-take-step-down-from-fed-pressure-mounts)
