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"Federal Reserve megaphone" talks about Powell's resignation report: the first reaction ignores it, Powell has made a firm statement

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2025-07-12 01:22:25
Nick Timiraos, the Fed mouthpiece, said on social media that when people ask me about internet rumours, my first instinct is to ignore them. But for those genuinely curious about whether the Fed chairperson will renege on his oft-repeated promise to complete his term as chairperson, which is only 10 months away, I will recall how Mr. Powell answered the question about "jumping on a lifeboat" six years ago. I included his answer in my book because it was already the most determined statement: "Under no circumstances will I voluntarily leave this job before the end of my term. Absolutely not. You won't see me jumping on a lifeboat. I can't imagine any situation where I can't finish my term unless I die. " (Jin Ten)
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