AustraliaBreaking News

Fed Chair Jerome Powell said he intends to remain at the central bank as a member of its Board of Governors, but it's not clear when he'll leave completely. Jim Bianco of Bianco Research says Powell could stick around as a disruptor.

Stripe announced several new AI tools Wednesday, including a new partnership with Google, aimed at building AI tools for payments and commerce. Stripe President and co-founder John Collison discusses the company's AI strategy with Bloomberg Tech's Ed Ludlow.

Ariel Granoff, managing director of LionTree Advisors, joins Dani Burger on "Bloomberg Deals."

Jonathan Goldstein, co-founder & CEO of Cain International, discusses the importance of focusing on both brand strength and operational excellence when investing in luxury assets with Dani Burger on "Bloomberg Deals."

Tom McCaleb, managing director & partner of travel, transport, & leisure at Boston Consulting Group Transport, joins Dani Burger on "Bloomberg Deals."

Federal Reserve Chair Jerome Powell says concerns about recent legal attacks on the central bank has led him to the decision to stay at the institution and will leave when it is appropriate to do so. While Powell's term as Fed chair ends on May 15, his seat on the Board of Governors doesn't expire until 2028.

Federal Reserve Chair Jerome Powell says he'll continue to serve as a governor "for a period of time to be determined" but with a low profile. He speaks in Washington after the FOMC left interest rates unchanged.

Bloomberg's Scarlet Fu on "Bloomberg Deals" discusses travel demand as fuel prices soar amid the Iran War. This week JetBlue, Booking Holdings, and Hilton gave mixed commentary on future demand for travel.

"The Fed would be nuts not to move to a symmetrical posture," Bob Michele, global head of fixed income at JPMorgan Asset Management, says on Bloomberg Television.

Bloomberg's Scarlet Fu on "Bloomberg Deals" wraps up recent pharma dealmaking. Eli Lilly agreed to buy closely held Ajax Therapeutics for as much as $2.3 billion in cash. Sun Pharmaceutical Industries has agreed to acquire New York-listed women's health-care company Organon.

Bob Michele, global head of fixed income at JPMorgan Asset Management, says the inflation risk posed by the Iran conflict means the Federal Reserve can stay on hold through year-end on Bloomberg Television.

The Federal Reserve leaves interest rates unchanged in a range of 3.5% to 3.75%. But four officials voted against the decision. It's the first time since 1992 that there were four dissents. Bloomberg's Michael McKee reports.