New Delhi, Jan. 29 -- Outgoing US Federal Reserve chair Jerome Powell on Wednesday (local time) shared some advice for his to-be appointed successor after announcing the central bank's decision to keep rates unchanged.

Market experts had expected that the Fed would keep interest rates steady after its two-day policy meeting on Wednesday, despite media reports indicating pressure from the Donald Trump administration to lower rates.

In his speech, Powell, whose term ends on 15 May this year, laid out three specific pieces of advice for the next chair of the US Federal Reserve.

"One is, stay out of elected politics. Don't get pulled into elected politics. Don't do it," Powell said.

"Another is that our window into democratic accountabili...