Federal Reserve Chairman Jerome Powell on Thursday said that he would not step down from his position if President-elect Donald Trump asked him to do so.
During his presidential campaign, Trump floated the idea of removing Powell from his position at the central bank. Powell was nominated by Trump during his first term in office, but the pair did clash during Trump’s presidency.
When asked about whether he’d step down if Trump asked, Powell flatly said, “No.”
Later in his news conference, Powell was asked whether he believes the president has the power to intervene in the Federal Reserve by demoting or firing him….