Fed's Powell said he won't resign if Trump asked him to

Fed Meeting Today: FOMC Cuts Rates Again; Powell Says He Will Refuse to Resign if Trump Asks
Follow news from today's Fed meeting where the FOMC is expected to cut interest rates and chair Jerome Powell will speak.
Fed meeting recap: Powell ‘feeling good' about economy, says Trump can't legally fire him
In what's been an eventful week, traders are now turning their focus on the Federal Reserve. Policymakers are expected to trim interest rates by a quarter point from the current target range of 4.75%-5.0%. The Fed will issue its rate decision at 2 p.m. Eastern on Thursday, followed by Chair Jerome Powell's press conference at 2:30 p.m.
US Fed Meeting Updates: Jerome Powell says he will not quit even if asked by Donald Trump
Asked if he would resign if asked, Powell said “no” at the press conference following the Federal Reserve policy meeting
Fed Meeting Live Updates: Powell discusses latest rate cut, inflation and Trump
Since its inception in 1976, Bankrate has been the top source for information on interest rates and the Federal Reserve. With the Fed expected to cut its key borrowing benchmark for the second consecutive meeting, follow along to see what our expert staff of reporters, writers, editors and financial analysts are watching.
Fed cuts interest rates in first meeting since Trump win
The Fed on Thursday cut interest rates for the second time this year, opting to lower its target rate by a quarter of a percentage point.
Fed's Powell says Trump can't fire him
The incoming president's reaction to the central bank could serve as an early indicator of how extensively he plans to reshape traditional government bureaucracy.
Fed Cuts Interest Rates Again, Powell Says He Won’t Resign if Trump Asks
The Federal Reserve lowered rates again but economists worry that Donald Trump’s victory could reignite inflation in 2025.
Trump’s first big fight is shaping up: Powell’s refusal to resign from the Fed
Fed Chairman Jerome Powell's curt but clear response on whether he would step down from his job under pressure could set up President-elect Donald Trump's first major showdown over his sweeping plans on the economy.
Fed Chief says Trump can’t fire him
In a news conference, Fed Chair Jerome Powell strongly pushed back on whether he could legally be fired by President Trump. A senior adviser to Trump tells CNN he is likely to let Powell serve out the remainder of his term.
Federal Reserve Chair says Trump has no legal authority to fire him
Federal Reserve Chair Jerome Powell said Thursday he would not resign if President-elect Donald Trump asked him to, and underscored that in his view, the president wouldn’t have the legal authority to fire him.
Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.
Fed meeting today: Interest rates cut by quarter-point as Powell wrestles with Trump's election win, inflation questions
Fed Chairman Jerome Powell said the U.S. economy is in very good condition, but "people are still feeling the effects of ...
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First Fed Meeting After Election: Expect a Rate Cut, but What's in Store for 2025?
The Federal Open Market Committee is meeting Nov. 6 to 7 and again in December. After making a larger, half-percent cut in ...
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Fed cuts interest rates a second time but economists say 2025 outlook uncertain
Jonathan Smoke, chief economist for Cox Automotive, said the Fed's path after the upcoming Dec. 18 meeting is "a little ...
What to expect from the Fed's meeting today
CNBC's Steve Liesman joins 'The Exchange' to discuss the Fed's outlook with on rate cuts with a new president-elect.
Election Pushes Fed Meeting and Interest-Rate Decision a Day Later
While the election result won’t influence this week’s decision, any policy changes by the next president and Congress that ...
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How to Watch the Fed Meeting, and Why It Was Moved This Month
Fed Chair Powell is set to address the country on Thursday this week, a change up from the typical Wednesday meeting.
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When’s the next Federal Reserve meeting? What to expect — and how it affects your finances
It marks the second time the Fed’s lowered rates this year in its continued focus on getting the inflation rate closer to an average 2%. December's meeting is expected to bring with it another ...