Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Powell says he is not focused on possible second term as Fed chair

Published 04/08/2021, 01:21 PM
Updated 04/08/2021, 01:25 PM
© Reuters. FILE PHOTO: Senate Banking Committee hearing on Capitol Hill, Washington

(Reuters) - Federal Reserve Chair Jerome Powell on Thursday deflected a question about whether he is likely to serve a second term at the helm of the U.S. central bank, when it is expected to face the challenge of unwinding some of its extraordinarily easy policies.

"I have another massive challenge that I'm very focused on, and that is just to do my job every day as best I can to serve all of the American people," said Powell, whose four-year term as chair is up early next year.

"I don't spend any time thinking about that. I spend a lot of time thinking about how do we do the best job that we can and that's enough to think about."

Latest comments

"Powell says he is not focused on possible second term as Fed chair." Good thinking - no use worrying about something that isn't going to happen !
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.