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Powell says he would not resign as Fed chief if Trump asked for his resignation

  • Jerome Powell stated he would not resign as Federal Reserve chair if President-elect Donald Trump asked him to, responding with "No."
  • Powell clarified that Trump cannot fire or demote him, as it is "not permitted under the law."
  • Trump mentioned he would support Powell completing his full term if he believes Powell is doing the right thing, emphasizing that elections won't impact Federal Reserve policies.
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