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Powell plans to remain on Fed board, cites legal actions by Trump administration

Jerome Powell said Wednesday he plansย to remainย on the board of the Federal Reserve after his term as chair ends next month โ€œfor an undetermined period of time,โ€ saying the โ€œunprecedentedโ€ legal attacks by the Trump administration have put the independence of the nation's central bank at risk.

US stocks drift in mixed trading as oil prices keep spurting higher

The U.S. stock market is drifting in mixed trading Wednesday as the countdown ticks to an afternoonย announcement from the Federal Reserveย on what it will do with interest rates. Oil prices, meanwhile,ย continued to spurt higherย because of theย war with Iran.

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