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International Business Times
International Business Times
Business
AFP News

UNBELIEVABLE: Us fed chair says will not leave early if asked by trump - The Untold Story

Powell's current term as Fed chair ends in 2026 (Credit: AFP)

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 conference after unveiling a quarter point interest rate cut, Powell -- whose term as Fed chair ends in 2026 -- added that firing any of the Fed's seven governors was also "not permitted under the law."

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