## Jerome Powell stays at the Fed until DOJ investigation is 'truly transparent', warns of 'legal attacks' on the institution
Federal Reserve Chairman Jerome Powell delivered his final remarks following the Federal Open Market Committee's interest rate decision on Wednesday (29), in an exit shaped by institutional tension and legal uncertainty. The outgoing chair congratulated his successor in advance — reportedly Kevin Warsh — while stating the institution is "resilient." Powell, however, made clear he does not intend to leave the board anytime soon.

"I will not leave the board until the investigation at the Department of Justice is well and truly with transparency," Powell said, referring to a process involving reforms at the Federal Reserve's headquarters. The statement signals unresolved internal pressure tied to the ongoing federal inquiry. Officials familiar with the matter indicate the investigation centers on how institutional decisions were made and documented during the reform process, raising questions about governance protocols within the central bank.

Powell stated he had long planned to retire but cited events of the past three months as leaving him no alternative. "I already planned to retire a long time ago," he said. "The things that happened basically over the last three months, I think, left me no choice but to stay until I see them through, at least until then." His decision to remain in an administrative capacity rather than interfere with the new chair's decisions adds complexity to a transition already marked by legal scrutiny. The situation places additional scrutiny on the Fed's internal governance, with markets watching closely for any signal that the DOJ probe could affect monetary policy continuity.
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- **Source**: InfoMoney
- **Sector**: The Vault
- **Tags**: Federal Reserve, Jerome Powell, Kevin Warsh, Department of Justice, interest rates
- **Credibility**: unverified
- **Published**: 2026-04-29 19:54:08
- **ID**: 78332
- **URL**: https://whisperx.ai/pt/intel/78332