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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Pieces of a Puzzle
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Insurance penetration ratio has a long way to go
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Delayed winter rain may bring relief to rabi crops
Delhi and its adjoining northern and central parts of the country woke up to a cold and wet day on Friday as the whole region experienced a long-awaited wet spell in December this year.
Bank Stocks Push Markets Up
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