Fed Chairman Jerome Powell says he would not resign if Trump asked him to

Source: Washington Examiner | January 4, 2019 | Colin Wilhelm

Federal Reserve Chairman Jerome Powell said Friday that would not resign if President Trump asked him to.

Asked at a conference in Atlanta how he would respond if Trump requested that he step down, Powell responded simply “no.”

He also said Trump had not communicated his displeasure with him directly, and that a meeting between the president and Fed chairman has not been scheduled. He said, though, that “meetings between presidents and Fed chairs do happen.”

The Fed chairman, who has weathered public attacks by Trump despite being his pick to head the powerful central bank, added that the central bank will be open-minded in its approach to raising its target interest rate. Trump has attacked the Fed for raising rates in an attempt to bring them back towards normal after years hovering near zero following the 2008 global financial crisis.

………

Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.