A power converter and method of controlling a power switch therein to improve power conversion efficiency at low output current. In one embodiment, the power converter includes a first power switch coupled to a source of electrical power and a second power switch coupled to the first power switch and to an output terminal of the power converter. The power converter also includes a controller configured to alternately enable conduction of the first and the second power switches with a duty cycle in response to an output characteristic of the power converter. The controller is configured to control a level of current in the first power switch when the second power switch is substantially disabled to conduct.