Fed's Powell: Will not quit even if asked by Trump
Following Donald Trump's re-election, Federal Reserve Chair Jerome Powell affirmed the central bank's independence, stating that he would not resign if asked and emphasizing that the president lacks the authority to remove him. Powell's firm stance signals a potential power struggle over interest rate policy, with Trump having previously criticized the Fed's decisions.
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Following Donald Trump's re-election, Federal Reserve Chair Jerome Powell affirmed the central bank's independence, stating that he would not resign if asked and emphasizing that the president lacks the authority to remove him. Powell's firm stance signals a potential power struggle over interest rate policy, with Trump having previously criticized the Fed's decisions. 
