By — Associated Press Associated Press Leave a comment 0comments Share Copy URL https://www.pbs.org/newshour/economy/jerome-powell-says-he-wouldnt-resign-if-trump-requested-it Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Jerome Powell says he wouldn’t resign if Trump requested it Economy Jan 4, 2019 11:25 AM EDT WASHINGTON — Federal Reserve Chairman Jerome Powell says he will not resign if asked to do so by President Donald Trump. Powell also says the central bank intends to be flexible going forward in determining when to hike its key policy rate. He also says that the Fed could alter its approach to trimming its huge balance sheet if it determines such a change is needed. Powell’s comments, made during a panel discussion in Atlanta, were immediately cheered by financial markets, which were already rallying on the basis of a strong unemployment report that showed 312,000 jobs were created in December. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Associated Press Associated Press
WASHINGTON — Federal Reserve Chairman Jerome Powell says he will not resign if asked to do so by President Donald Trump. Powell also says the central bank intends to be flexible going forward in determining when to hike its key policy rate. He also says that the Fed could alter its approach to trimming its huge balance sheet if it determines such a change is needed. Powell’s comments, made during a panel discussion in Atlanta, were immediately cheered by financial markets, which were already rallying on the basis of a strong unemployment report that showed 312,000 jobs were created in December. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now