Federal Reserve Chair Jerome Powell said he won't step down if President-elect Donald Trump, who has previously criticized Powell's performance, asks him to resign.
Speaking at a press conference Thursday to discuss the Fed's move today to cut its benchmark interest rate by 0.25 percentage points, Powell added that it is not permitted under the law for presidents to fire or demote the Fed chair.
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2024-11-08 09:17:02
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npub1jt06qhv32xt20gy32tar74u8rh4l6s3wr5nc43d0ye48pse4pv0sdh25p6Published at
2024-11-08 09:17:02Event JSON
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"content": "Federal Reserve Chair Jerome Powell said he won't step down if President-elect Donald Trump, who has previously criticized Powell's performance, asks him to resign.\n\nSpeaking at a press conference Thursday to discuss the Fed's move today to cut its benchmark interest rate by 0.25 percentage points, Powell added that it is not permitted under the law for presidents to fire or demote the Fed chair.",
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