When asked whether he would resign if asked by Trump, the Fed chair simply said: “No.”
Federal Reserve Chairman Jerome Powell said Thursday that he will not step down if President-elect Donald Trump asks for his resignation.
Investors will be closing watching the president-elect's contentious relationship with the Fed chair. Trump appointed Powell in 2017, but repeatedly lashed out against the central bank chief during his first term as president, arguing Powell was not easing monetary policy quickly enough. "I don't think I should be allowed to order it, but I think I have the right to put in comments as to whether the interest rates should go up or down," Trump told Bloomberg News at the Chicago Economic Club Oct. 15.Powell also said Thursday that Trump's election victory this week will not have any immediate impact on the central bank's policy.
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