Powell refuses four times to reveal whether he will stay at the Federal Reserve, aiming to counter Trump

BlockBeats News, February 1, "Fed Whisperer" Nick Timiraos recently published an article stating that Federal Reserve Chairman Jerome Powell once again refused to disclose at this week's FOMC meeting whether he would remain on the Federal Reserve Board after his chairmanship ends on May 15.

Nick Timiraos analyzed that the reason Powell has this option is because his term as a Federal Reserve Board member does not expire until 2028. If Powell chooses to stay at the Fed, then Milan would lose his seat. In this way, it would deal a major blow to Trump's attempt to "manipulate" the Fed. Therefore, Powell's decision is his last card to counter the government, and also his only bargaining chip.