Fed Chair Powell (Q&A) says if his successor is not confirmed before his term expires, he would serve as Fed Chair pro tem; no intention of leaving the Board until the DoJ investigation is over

Fed Chair Powell's comments on his potential continuation as Chair pro tem signal stability at the Fed during a critical period. His indication that he will remain until the conclusion of the DoJ investigation suggests a reluctance to vacate his position amidst ongoing scrutiny, which may be interpreted as a commitment to maintaining continuity in policy efforts. This development could influence market sentiment by reinforcing the Fed's ongoing stability even as leadership transitions loom.