Jerome H. Powell

Fed chairman: Trump hasn't tried to fire me, and I would not resign

Fed chairman: Trump hasn't tried to fire me, and I would not resign

Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump has not tried to fire him and that he would not resign from his position if Trump asked him to do so.

Trump has repeatedly blamed Powell for the market decline and the dimming outlook for the U.S. economy this year and next.

"No. I have no news for you on that," Powell said at the American Economic Association annual meeting when he was asked whether Trump had tried to remove him as Fed chief. Trump nominated Powell for the position in late 2017.

When asked if he would resign, Powell said simply, "No." The Fed chair also said that no meeting has been scheduled so far with...

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