Fed's Powell declines to say whether he will stay on as a governor

NEW YORK, Dec 10 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday he has no guidance about whether he will serve out his governor term when his term as the U.S. central bank's leader ends.

"My thought is that I really want to turn this job over to whoever replaces me with the economy in really good shape," Powell said. "I want inflation to be under control, coming back down to 2% and I want the labor market to be strong.

"I'm focused on my remaining time as chair," he said, and added he had nothing to say about staying on the Fed beyond the end of his chair term in May.