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US chief banker Jerome Powell says, will not quit if Trump asks


Devdiscourse News Desk washington United States
Updated: 04-01-2019 22:48 IST
US chief banker Jerome Powell says, will not quit if Trump asks

Trump has been a frequent and vocal critic of Powell and the Fed, blaming them for raising rates and posing a threat to his economic agenda. That public berating of the independent central bank breaks with recent norms. (Image Credit: Twitter)

Federal Reserve Chairman Jerome Powell said Friday he would not resign if President Donald Trump asked him to.

Trump has been a frequent and vocal critic of Powell and the Fed, blaming them for raising rates and posing a threat to his economic agenda. That public berating of the independent central bank breaks with recent norms.

Asked at an economic conference if he would step down should Trump request his resignation, Powell said, "No." He also said he had not heard directly from Trump despite the president's many recent Twitter outbursts and Powell repeated that the institution remained outside political considerations.

(With inputs from agencies.)

COUNTRY : United States

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