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

EconomyApr 08, 2021 01:25PM ET
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© 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."

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

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Kristin Clark
Kristin Clark 45 minutes ago
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𝚓𝐮𝐬𝐭 𝐜𝐡𝐞𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐢𝐟 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐟𝐢𝐫𝐬𝐭 $ 1𝚖 𝐢𝐧 90 𝐝𝐚𝐲𝐬 𝐮𝐬𝐢𝐧𝐠 𝐨𝐮𝐫 𝐩𝐫𝐨𝐩𝐫𝐢𝐞𝐭𝐚𝐫𝐲 𝐦𝐨𝐧𝐞𝐲 𝐬𝐲𝐬𝐭𝐞𝐦. 𝚒𝐭'𝐬 𝚏𝚛𝚎𝚎 𝐭𝐨 𝐮𝐬𝐞 𝐚𝐧𝐝 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐜𝐞𝐢𝐯𝐞 𝐲𝐨𝐮𝐫 𝐟𝐢𝐫𝐬𝐭 𝐜𝐨𝐦𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡𝐢𝐧 24 𝐡𝐨𝐮𝐫𝐬. 𝚊𝐜𝐭𝐢𝐯𝐚𝐭𝐞 𝐡𝐞𝐫𝐞: 𝐯𝐮𝐫𝐪𝐨𝐩𝐥.𝐠𝐪
Connecticut Yankee
A_Jaundiced_Eye Apr 08, 2021 3:35PM ET
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"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 !
 
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