Jerome Powell

Chair Powell opened the door to this first interest rate cut.

Chair Powell opened the door to this first interest rate cut.

Chair Powell opened the door to this first interest rate cut.

Chair Powell opened the door to this first interest rate cut.

Chair Powell opened the door to this first interest rate cut.

Chair Powell opened the door to this first interest rate cut.

This is my last press conference as chair, and I will close with a few thoughts.

After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined.

I had long planned to be retiring.

And, you know, the things that have happened really in the last three months have, I think, left me no choice but to stay until I see them.

I'm going to wear the carpets of Capitol Hill out by walking those halls and meeting with members.

Our job is to meet the tests we are presented.

Our emergency measures are reserved for truly rare circumstances such as those we face today.

But as these transitory supply effects abate, inflation is expected to drop back toward our longer-run goal.

I worry that these attacks are battering the institution and putting at risk the thing that really matters to the public, which is the ability to conduct monetary policy without taking into consideration political factors.

And... After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined.

I worry that these attacks are battering the institution and putting at risk the thing that really matters to the public,

which is the ability to conduct monetary policy without taking into consideration political factors.

I had long planned to be retiring.

And, you know, the things that have happened really in the last three months have, I think, left me no choice but to stay until I see them through at least that long.