Federal Reserve Chairman Jerome Powell stated at a press conference that he will continue to serve as a Federal Reserve Governor "for some time" after stepping down as chairman. Powell pointed out that the Fed has suffered unprecedented setbacks over the past three months, and he is determined to defend the Fed's independence. Powell clarified that the setbacks he referred to were not political criticism, but merely legal proceedings. He said, "What has happened over the past three months has left me with no choice but to remain in office." Powell stated that the Department of Justice will not reopen its investigation against him unless the Inspector General files a criminal referral. However, Powell was not satisfied with this, saying, "I will continue to serve as a Federal Reserve Governor, pending further notice," and promised to "maintain a low profile." (Jinshi)