Fed’s Powell Says He Won’t Resign, Not Required to Leave

Federal Reserve Chair Jerome Powell says he will not resign if President-elect Donald Trump asks him to resign. He speaks at a news conference following the decision by the Fed’s policy-setting Federal Open Market Committee unanimously lowered the federal funds rate to a range of 4.5% to 4.75%.

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News post in November 8, 2024, 12:05 am.

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