MOMENT: Powell says he will stay as Fed leader until his successor is confirmed

Record ID: 2366436

  • Title: MOMENT: Powell says he will stay as Fed leader until his successor is confirmed
  • Date: 18th March 2026
  • Summary: WASHINGTON, D.C., UNITED STATES (MARCH 18, 2026) (UNRESTRICTED POOL)  UNITED STATES FEDERAL RESERVE CHAIR JEROME POWELL AT LECTERN (SOUNDBITE) (English) UNIDENTIFIED REPORTER ASKING QUESTION, SAYING: “If I may, what happens if there's no Federal Reserve chairman confirmed on May 15th? Would you stay on?” (SOUNDBITE) (English) JEROME POWELL, UNITED STATES FEDERAL RESERVE CH
  • Embargoed:
  • Keywords: Federal Reserve Jerome Powell President Trump United States economy future interest rates
  • Location: WASHINGTON, DC, UNITED STATES
  • City: WASHINGTON, DC, UNITED STATES
  • Country: US
  • Topics: Economic Events,North America
  • Reuters ID: LVA001534518032026RP1
  • Aspect Ratio: 16:9
  • Story Text: Federal Reserve Chair Jerome Powell said on Wednesday (March 18) he will stay on as central bank leader if his successor is not confirmed by May, when his current chair term ends.
    “If my successor is not confirmed by the end of my term as chair, I would serve as chair pro-tem” until a successor is confirmed, Powell said in a press conference following the latest Fed meeting.
    He said that is what the law calls for and “that's what we've done on several occasions, including involving me, and that's what we're going to do in this situation.”
    (Production: Christine Kiernan) 
  • Copyright Holder: POOL (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2026. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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