Instant Reaction: Jay Powell on the Fed Decision

Instant Reaction: Jay Powell on the Fed Decision

Author: Bloomberg April 29, 2026 Duration: 20:48

Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “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,” Powell said Wednesday at a press conference.

While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.”

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Each weekday, the sharp, informed voices of Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern translate the complex movements of global markets into clear, actionable insight. This Bloomberg Surveillance podcast distills the essential interviews and analysis from their television broadcast, offering a direct line to the minds shaping finance, economics, and investment strategy. You’ll hear unfiltered conversations with central bankers, CEOs, and policymakers, all focused on the forces driving capital and change. For the best extended dialogues from the radio side, Tom Keene and Paul Sweeney join in, deepening the exploration of critical themes. It’s more than just headlines; it’s about understanding the *why* behind the numbers. Tuning into this daily podcast provides a consistent advantage, whether you’re managing a portfolio or simply need to grasp the economic narratives defining our world. The pace is brisk and the perspective is global, mirroring the markets themselves.
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