By Neil Roland ( April 30, 2026, 22:06 GMT | Comment) -- President Donald Trump's decision to endorse the criminal investigation of cost overruns at the US Federal Reserve under Chair Jerome Powell, whom he sought to remove, appears to have backfired. On Wednesday, Powell said that when he steps down as chair on May 15, he will buck tradition and stay on as a Fed governor, possibly through his term on Jan. 31, 2028. Powell said he will be continuing as a governor to help protect the Fed’s independence in light of legal attacks against him and Fed Governor Lisa Cook.President Donald Trump's decision to endorse the criminal investigation of cost overruns at the US Federal Reserve under Chair Jerome Powell, whom he sought to remove, appears to have backfired....
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