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