- Poland likely to bar Holocaust denier, foreign minister says
- Former NBA star Shaquille O’Neal joins Papa John’s board
- Wisconsin judge blocks Republican-backed laws curbing Democratic governor’s powers
- Trump reportedly considering Fed critic Stephen Moore for central bank appointment
- Trump statement on Golan Heights sparks controversy
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.
Continue Reading Below
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.