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

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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.

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


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