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Tuesday, November 12, 2024

Powell’s not leaving. Trump could still make his life hell.

Powell’s not leaving. Trump could still make his life hell.

POLITICO’s very own Victoria Guida asked Federal Reserve Chair Jerome Powell if he would step down from the central bank in the event newly elected President Donald Trump asks him to leave.

His answer?: “No.” What’s more, Powell declared that it’s “not permitted under the law” for presidents to remove members of the independent Fed.

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