Fed News 🔥Powell Is Staying. Not as Chair. As Governor. And He Says He Had No Choice.
This was his final press conference as Fed Chair. But Powell made one thing clear.
He is not leaving the building. He will remain on the board of governors. The reason he gave is not political. It is legal.
He said the last three months have been an unprecedented attack on the Fed's independence.
He said he could not walk away.
Think about that. The outgoing chair feels the institution is under threat. So he is staying inside it.
He promised to keep a low profile. But his presence alone changes things. A former chair sitting as a governor while a new chair takes over has no modern precedent.
Warsh will be confirmed. Powell will still be there. Two different views.
Two different rate philosophies. One FOMC table.
The DOJ will not reopen the investigation unless the Inspector
General asks. Powell called that insufficient. He is not satisfied. So he
stays. The market now has to price a Fed that is not just transitioning
leadership. It is layering it.
The calm on the tape right now is deceiving. This is not resolution. This is the quiet before the next chapter.
#Powell #Warsh #FederalReserve #BTC $AI
