Federal Reserve Chair Jerome Powell made clear he's ready to defend the US central bank from political pressure following the re-election of Donald Trump, saying he wouldn't resign if asked and insisting the incoming president doesn't have the power to fire him or other senior Fed leaders.
"No," Powell said firmly on Thursday, when asked whether he would step aside if Trump asked for his resignation.
During a press conference following the Fed's two-day policy meeting, Powell said repeatedly that Trump, who explored firing the Fed chief during his first term in the White House, lacks the legal authority to demote or remove the chair or other senior Fed officials in Washington.
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Esta historia es de la edición November 09, 2024 de Business Standard.
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Insurance Amendment Act to boost growth, promote inclusion
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Field widened for life insurance in the country
Revised surrender value norms to help life insurers and customers
More is better in Indian insurance
100% FDI will encourage companies to come to India and operate on their own terms in the sector, say experts
India's Welfare State: Too much, too soon, with too little?
The promise of too much, too soon, with too little is tempting for politicians for mobilising votes, particularly of the poor.
