Other than dying, Fed’s Powell won’t leave voluntarily, even defying criminal referral

Jerome Powell declared he will not leave the Federal Reserve voluntarily, stating that his departure will only occur if he dies. He is resolute in his commitment to serve out his four-year term, having previously noted he would not resign even if urged by President Trump.

Powell now faces a potential criminal referral regarding alleged perjury linked to the $2.5 billion renovation of the Fed’s headquarters. Accusations include misleading Congress about the project’s costs. Despite Trump’s comments regarding potential grounds for dismissal, Powell has maintained his position.