US Fed chief says he would not resign if Trump asks

January 04, 2019 21:43

United States Federal Reserve chairman Jerome Powell said that he will not resign if asked to do so by President Donald Trump.

"No," Powell responded when asked by the moderator at the American Economic Association's annual meeting: "If the president asked you to resign, would you do it?"

Powell also said he had not received any direct communication from the White House about unhappiness with the central bank's rate policy, and no meeting with Trump has been scheduled.

Trump appointed Powell but has become severely critical of the Fed chairman.

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