Fed Chair Powell stands firm amid questioning about whether Trump will push him out
Fed chair Jerome Powell said he will not resign if President-elect Donald Trump asks him to leave.
Kent Nishimura/Getty Images
- Reporters asked Fed Chair Powell whether he would resign if President-elect Trump asked him to.
- Powell responded with one word: "No."
- Trump has been critical of Powell, but the law does not permit a president to fire a Fed official without cause.
Federal Reserve chair Jerome Powell has no plans to leave the central bank prematurely under President-elect Donald Trump.
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