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The Guardian - US
The Guardian - US
Business
Lauren Aratani in New York

Fed chair says he will not resign even if pressured by Trump as interest rate cut

US Federal Reserve Donald Trump Jerome Powell Inflation Interest Rates White House the Federal Reserve
a graph shows interest rates rising and falling
Fed rate cut Illustration: Guardian Design

US Federal Reserve chair Jerome Powell said he would not resign if he received any pressure from Donald Trump’s new administration to step down as the central bank lowered interest rates by a quarter-point Tuesday afternoon.

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