Powell Stands Firm: Trump Can't Fire Me, Won't Resign
TL;DR Summary
Federal Reserve Chair Jerome Powell has stated he will not resign if pressured by President-elect Trump, asserting that the president does not have the legal authority to fire or demote him. Trump has criticized Powell's monetary policies and suggested that presidents should have more influence over Federal Reserve decisions. Despite past tensions, Trump indicated he would allow Powell to complete his term if re-elected. Powell's term as chair ends in 2026, with his Board of Governors position lasting until 2028.
- Fed's Powell staying put even if Trump has another idea Fox Business
- Jerome Powell Dismisses Idea of Trump Firing Him The New York Times
- Fed meeting recap: Powell 'feeling good' about economy, says Trump can't legally fire him CNBC
- Fed's Powell says Trump can't fire him; `Not permitted under the law' POLITICO
- Powell says he won’t resign for Trump, can’t be fired The Hill
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