Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026. Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain on the Fed board after no longer serving as its leader,

Jerome Powell noted that the economy was not signaling any distress that would necessitate an accelerated pace of rate cuts. On the contrary, he remarked, “if the data allow us to proceed a bit more gradually,

It's hardly a blip on the charts after the major run higher following the election of Donald Trump, but crypto markets did turn somewhat lower late in the U.S. trading day Thursday after a speech from Federal Reserve Chairman Jerome Powell.