Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated successor, Kevin Warsh, is not confirmed by the time his term is up in May, as dictated by the law.

Federal Reserve Chair Jerome Powell said he plans to stay at the central bank until a Justice Department investigation into him and the central bank is complete.

His announcement puts pressure on the DOJ to drop the investigation, which has held up President Donald Trump’s nomination of Kevin Warsh to lead the central bank.

Federal Reserve Chair Jerome Powell said Wednesday that he has “no intention” of leaving the central bank until a Justice Department investigation related to his testimony about a building renovation is “truly over.

Federal Reserve Chair Jerome Powell said on Wednesday (March 18) he'll stick around as head of the U.S. central bank until his successor is confirmed, and will not leave the institution until a criminal investigation into the Fed is resolved.

Jerome H. Powell, who leads the central bank, also said he would not leave the Fed until a criminal investigation into his handling of renovations was over.

Powell's term as Fed chair is scheduled to end on May 15, but he could elect to stay on the board to finish his term as a Fed governor.

US Federal Reserve Chair Jerome Powell said Wednesday that he did not plan to leave the central bank's board until a Justice Department probe linked to renovation costs was completed.In January,