Jerome Powell says he will continue to serve as a Fed governor, calls Trump criticism 'unprecedented'

jerome powell said wednesday he'll stay on the fed's board of governors indefinitely, refusing to resign until the probe into the central bank's headquarters renovation is "well and truly over." his term as chair ends may 15, but he has two years left on his governor seat. powell called president trump's personal attacks "unprecedented in our 113-year history" and said he worries they're "battering the institution." by staying, he denies trump a majority on the seven-member board for now. trump's other appointees include christopher waller and michelle bowman. the justice department investigation has been central to the controversy. u.s. attorney jeanine pirro subpoenaed powell but a court threw it out; she's vowed to appeal. she recently referred the probe to the fed's inspector general, removing the criminal element and clearing a roadblock for powell's appointed successor kevin warsh, whose nomination cleared the senate banking committee wednesday. powell said he'll "keep a low profile as a governor" once warsh is confirmed.