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Jerome Powell retains a vote on whether the Fed raises rates

Reported · Written up by our desk · Central Banks

MarketWatch reports that Jerome Powell, despite no longer serving as Fed chairman, still retains a vote on whether the Federal Reserve should raise interest rates.

The outlet also notes Powell’s role is similar to that of Kevin Warsh, who also has a vote on rate decisions.

MarketWatch’s summary frames the key point as Powell’s continued influence over the Fed’s interest-rate direction, even after his chairmanship ended.

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