Mayor Mamdani says he has balanced NYC's budget, will not raise property taxes;
https://www.cbsnews.com/newyork/news/nyc-budget-zohran-mamdani-property-taxes/
From the article:
Federal Reserve Chair Jerome Powell announced Wednesday that he will remain on the Fed’s Board of Governors after his term as chair end May 15, citing what he called “unprecedented” legal attacks on the central bank’s independence by the Trump administration.
“My concern is really about the series of legal attacks which threaten our ability to conduct monetary policy without considering political factors,” Powell said at what is his final press conference as chair. “These legal actions by the administration are unprecedented in our 113-year history, and there are ongoing threats of additional such actions.”
The U.S. attorney for the District of Columbia, Jeanine Pirro, closed a criminal investigation into Powell on Friday surrounding the Fed’s headquarters renovation, but said she would “not hesitate” to restart it.
Powell did not specify how long he would stay, saying only that he would remain until “this investigation is well and truly over, with transparency and finality.” He can technically remain a governor until January 2028.