Powell Vows to Stay and Defend 'Battered' Fed

Also, Scott says crypto market structure markup is several weeks away; Peirce says no `need for panic' over private credit turmoil

Jerome Powell may have conducted his last press conference at the Fed today, but he sure didn’t drop the mic. Instead, the chairman declared that when Kevin Warsh is confirmed he’ll be sticking around as a lowly governor for a time “to be determined.” The unusual move limits Donald Trump’s influence over monetary policy – and sends a message about its i…