Fed Chair Jerome Powell dodges questions on criminal probe, his future — but has advice for his successor

“Stay out of elected politics, don’t get pulled into elected politics. 4 “Stay out of elected politics, don’t get pulled into elected politics. Don’t do it,” Fed Chair Jerome Powell said at his regular press conference following the latest Fed monetary policy meeting. REUTERSBetting markets are eyeing BlackRock’s chief bond investment manager Rick Rieder as the leading contender to be Fed chair. Powell on Wednesday countered it would have been hard to explain why as Fed chair he would not attend.