A power converter has a power transistor driving a power current through an inductor to provide a controlled power-supply voltage. The power transistor is on during a first state but off during a second state when a sink transistor reduces the power current through the inductor. Both voltage sensing of the power-supply voltage and current sensing at the power transistor provide feedback to control the amount of time that the first state is active, and thus control the power current. Current sensing is provided by a smaller minor transistor in parallel with the power transistor. The minor transistor turns on after the power transistor to reduce disturbance spikes. Switches connect sources of the power and mirror transistors to an amplifier that drives a sensing transistor. The sensing transistor generates a sensing voltage from the mirror transistor source. During the second state the amplifier's inputs are equalized to provide fast response.