Fed's Powell staying put even if Trump has another idea

Federal Reserve Chair Jerome Powell said Thursday that he will remain in his role through the duration of his term even if incoming President-elect Trump decides to call for his resignation.

The Fed announced a 25 basis point interest rate cut and during the press conference following the central bank's announcement, Powell was pressed on whether he would resign from his role if Trump pressured him to do so.

"No," Powell said in response. A follow-up question was posed about whether...