Federal Reserve Chair Powell Reaffirms Commitment to Complete Term

According to Odaily, Nick Timiraos, often referred to as the 'Federal Reserve's mouthpiece,' stated on social media that his initial reaction to various online rumors is to ignore them. However, for those genuinely curious about whether Federal Reserve Chair Jerome Powell might break his repeated promise to complete his term, which has only 10 months remaining, Timiraos recalls Powell's response from six years ago regarding 'jumping ship.' Powell's statement, included in Timiraos's book, was unequivocal: 'Under no circumstances would I voluntarily leave this job before my term ends. Absolutely not. You will not see me jumping ship. I cannot imagine any situation that would prevent me from completing my term, unless I were to die.'