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,

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.