Powell could remain at the Fed despite looming end of chair term

Federal Reserve Chair Jerome Powell is set to deliver what is expected to be his final news conference as head of the Fed on Wednesday.

The end of his chairmanship next month, however, may not mark his departure from the world's most powerful central bank — and the circumstances are setting the scene for a standoff between Powell and President Donald Trump.

If Powell steps aside, it would open a seat for Trump to fill, giving him another opportunity to shape the Fed's leadership. If he stays, he would retain influence over U.S. monetary policy, intensifying tensions with the president...