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"I will continue to serve as a governor for a period of time to be determined," the outgoing Federal Reserve chair said Wednesday.
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The Federal Reserve also on Wednesday left interest rates unchanged for its third straight meeting amid higher energy costs.
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Jerome H. Powell cited lingering legal threats against him and the Federal Reserve in explaining his decision to remain at the central bank.
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Fed Meeting Live Updates: Warsh Nomination for Fed Chair Advances Ahead of Powell's Presser The New York TimesFed meeting live updates: Potential drama ahead if Powell hints he will hang around CNBCPowell poised to keep rates unchanged in what could be his last meeting; Warsh advances KATUThe F
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The Federal Reserve voted to hold interest rates steady, at what's likely Jerome Powell's last meeting as Fed chair. Kevin Warsh looks set to replace Powell next month.
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