Jerome Powell — ‘Trump can’t legally fire me. I’m feeling pretty good.’ ‘And I will not resign if asked.’

Sharing is Caring!

The Federal Reserve trimmed interest rates by a quarter point, bringing the target rate range to 4.5% to 4.75%. Fed Chair Jerome Powell said he was “feeling good” about the economy. He also said he would not step down from his post if President-elect Donald Trump asked him to do so.

See also  Kremlin warns Trump 'may face JFK-style assassination' if he tries to end war.

www.cnbc.com/2024/11/07/fed-meeting-live-updates-traders-anticipate-november-rate-cut.html

  • Federal Reserve Chairman Jerome Powell said Thursday that the president does not have the legal power to fire or demote him.
  • When asked whether he would step aside if President-elect Donald Trump asked him to resign, Powell simply said: “No.”
See also  Mark Halperin — Huge confidence gap between Trump and Harris.... ‘Democrats are very cautious, no predictions.’

www.cnbc.com/2024/11/07/powell-trump.html


Views: 282

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.