If these were normal times, Jerome Powell would have just finished his last-ever Fed meeting. He would relinquish his chairmanship next month to Kevin Warsh, as well as his separate seat as governor.

The Fed held rates steady and Jerome Powell confirmed he plans to step aside as chair May 15, but said he'll remain on the Fed's Board of Governors.

"I don’t care. If he stays on he stays on,” President Donald Trump says when asked about his thoughts on Federal Reserve Chair Jerome Powell’s decision to stay on the Fed Board of Governors after his term as chair is over.

President Trump said he isn't bothered that Jerome Powell is staying on the the Federal Reserve's board after his chairmanship ends next month. "I don't care. If he stays on, he stays on," Trump told reporters at the White House,

The Federal Reserve left interest rates unchanged following its meeting and Chair Jerome Powell who term as leader expires next month, said he would remain on the board of governors to protect the independence of the central bank.

Jerome Powell’s decision — the first time a Fed chair will remain on the board as a governor since 1948 — denies President Trump a chance to fill a seat on the board with his appointee.

I will continue to serve as a governor for a period of time to be determined,” the outgoing Federal Reserve chair said Wednesday.

Jerome Powell said he would remain on the Fed’s board after Kevin Warsh becomes chair for a yet-to-be-determined interval amid concerns that legal attacks “are battering the institution.”