US Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect Donald Trump. If he wanted to, Powell could stay on as a governor after he steps down as Fed chair, and serve out the remainder of his term, which expires in early 2028. da/sms

US Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect Donald Trump. If he wanted to, Powell could stay on as a governor after he steps down as Fed chair, and serve out the remainder of his term, which expires in early 2028. da/sms

He also said removal or demotion of any Fed board leaders, including himself, is 'not permitted under the law.'

Jerome Powell, who serves as chair of the Federal Reserve of the United States, says that, under the law, Donald Trump cannot force him to resign.During a Thursday press conference, Politico reporter Victoria Guida asked the Fed chair, "Some of the president-elect's advisers have suggested that you ...

When asked whether he would resign if asked by Trump, the Fed chair simply said: "No."

The Chairman of the United States, US, Federal Reserve, Jay Powell has vowed never to resign following the presidential victory of Donald Trump. Powell

WASHINGTON—The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. The rate cut follows a larger half-point reduction in September, and it reflects the…

The chair of the Federal Reserve made clear he would not resign, even under pressure. But pressure from the White House is likely, market watchers say.