Fed Chair Powell hopes to clear his name ‘once and for all’ by staying on, says Roger Ferguson
CNBC
Last updated: May 1, 2026
Former Federal Reserve Vice Chairman Roger Ferguson discusses Fed Chair Jerome Powell's intentions to remain in his position to definitively clear his name. Ferguson suggests Powell's dedication to public service and his commitment to the Federal Reserve's mission are driving factors behind this decision.
- Powell aims to fully address and resolve any lingering questions or criticisms surrounding his tenure and leadership at the Federal Reserve. His decision to stay is motivated by a desire for vindication and a commitment to completing his work.
- Ferguson highlights Powell's strong sense of duty and his belief in the importance of his role in guiding the U.S. economy. The former Vice Chairman emphasizes that Powell views his continued service as the most effective way to demonstrate his integrity and effectiveness.
- Powell is reportedly focused on executing the Federal Reserve's monetary policy objectives and ensuring economic stability. His decision reflects a strategic approach to solidify his legacy and leave no room for doubt regarding his contributions and character.
- The former Vice Chairman's remarks suggest Powell is looking towards the future, aiming to build upon the Fed's achievements and navigate current economic challenges with steadfast leadership.
