Jerome Powell, the outgoing Fed chair, said months of legal pressure had left him "no choice" but to remain as a governor, a move that denies the White House a crucial seat on the board.

In his final news conference as Fed chair on Wednesday, Jerome Powell said he plans to remain on the Federal Reserve’s board of governors after May 15.

One of the biggest questions about President Donald Trump’s retribution crusade is how much of it is driven by strategy — i.e. making cautionary tales out of his foes — and how much if it is driven by personal grievance and pique.

Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.

Plus, the Church of Scientology removed the door handles from one of its Hollywood buildings as it condemned a viral "running spree" challenge.