Instant Reaction: Jay Powell on the Fed Decision

Bloomberg Surveillance

Bloomberg

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3.8 • 1.2K Ratings

🗓️ 29 April 2026

⏱️ 24 minutes

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Summary

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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0:25.5	I'm Francine Lacqua, an award-winning journalist, and I've got a new podcast, leaders with
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0:45.3	Make decisions. A poor decision is always better than no decision.
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0:58.5	Bloomberg Audio Studios.
1:01.0	Podcasts, radio, news.
1:04.9	This is a breaking news update from Bloomberg.
1:09.0	Instant reaction and analysis from our 3,000 journalists and analysts around the world.
1:15.2	In the next 20 minutes on this program, we need to discuss two things.
1:18.3	The future of Chairman Powell, one, the easing bias at the Federal Reserve, too.
1:23.5	On the future of Chairman Powell, staying on as a governor of the Federal Reserve.
1:27.8	He was asked why this is what he had to say.
1:31.2	My concern is really about the series of legal attacks on the Fed.
	...

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