Fed chairman on reports that Trump is seeking to oust him: 'I'm here to stay'
by Dominic Rushe in New York from Economics | The Guardian on (#4HH9M)
- Jerome Powell: 'I fully intend to serve' full four-year term
- President has reportedly discussed firing Federal Reserve chair
The Federal Reserve chairman, Jerome Powell, has responded to reports that Donald Trump is seeking to fire or demote him.
"I think the law is clear that I have a four-year term, and I fully intend to serve it," Powell said on Wednesday after a two-day meeting of the Fed.
Related: Trump reportedly discussed firing Fed chair Jerome Powell over rate hikes
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