Jerome Powell Appears Defiant In Face Of Prospect Of Trump Asking Him To Resign

Marita Vlachou is a breaking news reporter for HuffPost based in London, United Kingdom.

During a press conference with reporters after the Fed’s decision to cut interest rates by 0.25%, Powell was asked to weigh into reports that Trump’s advisers have claimed he should give up his post.Powell suggested that it would be illegal for Trump to dismiss him or any of the other people who sit on the Fed’s Board of Governors.

for another term in 2021 despite the objection of progressive members of his party. Powell’s term as Fed chair expires in May 2026, and he has previously signaled that he intends to serve the full four years.

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