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Federal Reserve Chair Powell Declines Resignation Request From Trump

Federal Reserve Chair Jerome Powell testifies on Capitol Hill

Federal Reserve Chair Jerome Powell made it clear that he has no intention of resigning from his position, even if asked by President-elect Donald Trump. During a post-meeting news conference on Thursday, Powell responded with a firm 'No' when questioned about the possibility of stepping down.

Interest rates cut by quarter point post-election for economic stability.
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