Powell Stays Put at Fed, Defying Trump

0:00It's April 30th, I'm Corey with the story, and this is entertainment and celebrity news today. Your AI-powered entertainment report. Federal Reserve chair Jerome Powell just dropped word that he's sticking around on the board of governors way past his chair gig ending on May 15th. Even with heavy heat from President Trump, the guy Trump himself picked a years back, Powell's holding firm until a probe into the Fed's headquarters. Makeover wraps up clean. His governor term still has two years left anyway, but this move keeps Trump from grabbing a full majority on the seven-member board. Trump's got folks like Christopher Waller and Michelle Bowman already in place, and now Stephen Moran is stepping out once Kevin Worsh gets confirmed, as the new chair. Powell gave props to Worsh after the Senate banking committee pushes nomination forward. He plans to lay low as just a regular governor, letting Worsh take the spotlight once sworn in. Trump's amid all that political noise testing the Fed's independence. The probe shifted gears recently when U.S. attorney Jeanine Piro handed it off to the

1:03Fed's inspector general, ditching any criminal angle after a stay-over-ay. Court shot down her subpoena. Powell says the last three months twist left him no real option, but to stay put and see it through. He's watching every step close, making calls purely for the Fed's good, and the folks it serves, ensuring that transparency hits home before he bounces.