U.S. Federal Reserve Chair to end eight-year term

U.S. Federal Reserve Chair Jerome Powell's eight-year term ends this week, but unlike most of his predecessors he will stay on as a governor of the central bank. During Powell's tenure, a global pandemic spiked unemployment, inflation soared higher than it's been in 40 years, and U.S. President Donald Trump tried to undermine the Fed's independence. Kate Fisher shares more.

Watch CGTN LIVE on your computer, tablet or mobile https://www.cgtnnow.com/featured/events/cgtn-live-now-1 Subscribe to CGTN America on YouTube Follow CGTN America: X: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica

This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.