Instant Reaction: Jay Powell on the Fed Decision

Instant Reaction: Jay Powell on the Fed Decision

Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.

While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.”

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Episoder(72)

AG Todd Blanche on Powell Investigation; AI Safety in Question

AG Todd Blanche on Powell Investigation; AI Safety in Question

The US Justice Department isn’t reopening a criminal investigation into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank’s building renovation project. Attorney...

4 Okt 43min

Trump Campaigns in Republican Territory; LinkedIn Scams

Trump Campaigns in Republican Territory; LinkedIn Scams

President Donald Trump declared at a rally in Alabama that his economic agenda had helped attract investment and jobs in a midterm campaign pitch to a state that has long been staunchly Republican. Ne...

3 Okt 35min

Congress and AI Safety; UK Labour Party Conference

Congress and AI Safety; UK Labour Party Conference

Iran said it’s awaiting a definitive US response to a seven-day proposal for reopening the crucial Strait of Hormuz but won’t soften its conditions, after President Donald Trump voiced his rejection. ...

27 Sep 45min

Trump-Xi Summit; Nor'easter Brings Winds and Rain

Trump-Xi Summit; Nor'easter Brings Winds and Rain

Donald Trump’s lavish welcome of Xi Jinping this week marked a high point for stability in a US-China relationship that’s seen a lot of lows. Now, the Chinese leader is pushing to lock in more favorab...

26 Sep 33min

Live from the Qatar Economic Forum

Live from the Qatar Economic Forum

Bloomberg This Weekend is live from the Qatar Economic Forum in New York City. Qatar is setting up a dedicated platform to manage and grow its wealth fund’s domestic portfolio worth hundreds of billi...

20 Sep 41min

Utah Governor on Healthier Political Conflict; NYC Fights Against Consumer Fraud

Utah Governor on Healthier Political Conflict; NYC Fights Against Consumer Fraud

Warren Buffett is stepping down as chairman of Berkshire Hathaway to be replaced by his son Howard, and will become chairman emeritus of the company. Buffett will remain a member of the board, and his...

19 Sep 43min

Anthropic’s AI Warning; Cities Adapt to Drone Threats

Anthropic’s AI Warning; Cities Adapt to Drone Threats

Leaders of the world's biggest artificial intelligence platforms say it's time to slow the development pace of their most advanced models, citing escalating risks of the technology. Anthropic Chief Ex...

13 Sep 40min

Suspected Iranian Nuclear Activities, Growing Loss-Of-Control Risks of AI

Suspected Iranian Nuclear Activities, Growing Loss-Of-Control Risks of AI

The International Atomic Energy Agency has observed construction activity at Iran's Pickaxe Mountain, a site suspected of housing nuclear-related activities. IAEA Director General Rafael Mariano Gross...

12 Sep 42min

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