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"I will continue to serve as a governor for a period of time to be determined," the outgoing Federal Reserve chair said Wednesday.
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The Federal Reserve also on Wednesday left interest rates unchanged for its third straight meeting amid higher energy costs.
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Powell addressed the question of whether he will stay on as a Board of Governors member after his term as chair ends.
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Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that the Supreme Court later struck down.
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US stocks fall as oil prices keep spurting higher AP NewsStock Market Today: Dow off 325 points, S&P 500 and Nasdaq lower after Fed holds rates steady; oil and bond yields up as tech earnings loom MarketWatchStock market today: Dow, S&P 500, Nasdaq drop as chip stocks sink on OpenAI report, oil rises Yahoo Finance
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Fed Meeting Live Updates: Warsh Nomination for Fed Chair Advances Ahead of Powell's Presser The New York TimesFed meeting live updates: Potential drama ahead if Powell hints he will hang around CNBCPowell poised to keep rates unchanged in what could be his last meeting; Warsh advances KATUThe F
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The Federal Reserve voted to hold interest rates steady, at what's likely Jerome Powell's last meeting as Fed chair. Kevin Warsh looks set to replace Powell next month.
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The process could take a while.
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This year is shaping up to be a milestone moment for state income taxes after last year's massive changes to federal income taxes.
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