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April 29, 2026
Jerome Powell Reflects on Tenure as Fed Chair in Final Press Conference
- Jerome Powell announced the Fed will keep interest rates steady between 3.5% and 3.75% amid economic uncertainty from the Iran conflict.
- Powell will remain on the Fed board until a Trump administration investigation into him is fully resolved, despite his term as chair ending soon.
- Kevin Warsh's nomination to succeed Powell has advanced, but he is expected to face similar political pressures from President Trump.
2 Sources
- Jerome Powell calls his time as Fed chair a 'privilege' during last press conferenceApr 29, 2026 at 7:03 PM · NBC
- Four key takeaways from Jerome Powell's last rate decision as Fed chairApr 29, 2026 at 8:01 PM · BBC