In a press conference following the central bank’s latest policy meeting, at which it left interest rates unchanged after three consecutive cuts, Jerome Powell was pressed on the current economic climate, the Fed’s approach to future policy decisions, as well as his own future once his term ends in May.

Powell left some advice to the next Fed chair. "Don't get pulled into elected politics," Powell said. "Don't do it."

The US Federal Reserve has voted to hold interest rates as its chair, Jerome Powell, defended the importance of central bank independence. The Fed said it will keep its key lending rate between 3.5% to 3.75%, stating that economic activity in the US "has been expanding at a solid pace".

Jerome Powell advises his successor to stay out of politics and work with Congress as the Fed chair discusses his future at the central bank during a Wednesday press conference.

U.S. Treasury yields rose on Thursday as investors weighted the state of the economy after the U.S. Federal Reserve held interest rates steady.

Follow MarketWatch's live coverage of the Federal Reserve's monetary policy decision, with the central bank leaving interest rates unchanged and Chair Jerome Powell taking questions from reporters.

The Fed chair has been asked four times whether he’ll stay on the board after his term as chair is up. His silence is the strategy.

WASHINGTON, Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that he attended last week's Supreme Court arguments over President Donald Trump's effort to fire Fed Governor Lisa Cook because of the case's importance to the U.