Fed Chair Stays After Turbulent Term
Powell's eight-year tenure ends on May 15.
Powell stepped down after a turbulent period with political attacks and a dropped Justice Department investigation.
Powell called legal actions unprecedented in the Fed's 113-year history.
Senate Banking Committee voted to advance Kevin Warsh as new chair.
Critics like Senator Elizabeth Warren fear Warsh may act as a 'sock puppet' for the President.
Powell's continued presence ensures rate decisions require majority consensus.
3 weeks ago