Federal Reserve Chair Jerome Powell had a clear, direct response when asked during a press conference Thursday if he would step down if asked to do so by President-elect Trump.
“No,” said Powell, whose term as chair ends in 2026.
When asked to elaborate and if he would be legally required to leave, he again said, “No.”
Powell later said it is “not permitted under the law” for the president to fire or demote him or any of the other Fed governors with leadership positions.
Trump appointed Powell during his first term in 2017 but repeatedly and publicly criticized the Fed and its chair for not cutting rates fast enough throughout his tenure.
……..
- Discussion
-
Federal Reserve Chair Jerome Powell says he won’t resign for Trump, can’t be fired https://t.co/TQ4ePG7Vxw
— The Hill (@thehill) November 7, 2024
You must be logged in to reply to this topic.