Federal Reserve Chair Jerome Powell on Wednesday announced he will remain a member of the Fed's Board of Governors after his term as chairman ends next month, though he added that he won't be a "shadow Fed chair."The outgoing Fed chair hosted his final news conference after the Federal Open Market Committee (FOMC) voted to hold interest rates steady at the current range of 3.5% to 3.75%. The news conference occurred hours after the Senate Banking Committee voted to advance his successor as Fed chair, former Fed Governor Kevin Warsh.Powell said he intends to continue serving as a member of the...
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