This story is developing. Investors will be closing watching the president-elect’s contentious relationship with the Fed chair. Trump appointed Powell in...
President-elect Donald Trump is likely to allow Federal Reserve Chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, according to a senior adviser to Trump requesting anonymity to describe private conversations.
By Kayla Tausche, CNN Washington (CNN) — President-elect Donald Trump remains likely to allow Federal Reserve Chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, according to a senior adviser to Trump who requested anonymity to describe private conversations.
Federal Reserve Chairman Jerome Powell said Thursday that he would not step down from his position if President-elect Donald Trump asked for his resignation.
US Federal Reserve Chair Jerome Powell said Thursday that he would not resign if asked to leave early by President-elect Donald Trump.Speaking at a press
Federal Reserve Chair Jerome Powell said he wouldn't step down if President-elect Trump calls for his resignation and that the president can't remove or demote Fed governors.
Federal Reserve Chair Jerome Powell said on Thursday he would refuse to leave office early if incoming President Donald Trump tried to oust him, adding he cannot be legally removed anyway.