{"id":123355,"date":"2024-11-08T05:53:56","date_gmt":"2024-11-07T22:53:56","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=123355"},"modified":"2024-11-08T05:53:56","modified_gmt":"2024-11-07T22:53:56","slug":"jerome-powell-dismisses-idea-of-trump-firing-him","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=123355","title":{"rendered":"Jerome Powell Dismisses Idea of Trump Firing Him"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Would Jerome H. Powell, the chairman of the Federal Reserve, step aside if asked to do so by President-elect Donald J. Trump? Mr. Powell had a one-word answer on Thursday: \u201cNo.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Could Mr. Trump fire or demote him if he refuses to go? Same answer.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump appointed Mr. Powell to his post in 2018 but soon soured on him when he resisted the then-president\u2019s calls to lower interest rates. He considered firing or demoting Mr. Powell, but his advisers concluded that doing so would be <a class=\"css-yywogo\" href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/trump-knows-he-can-t-fire-fed-chair-jerome-powell-n951426\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">difficult if not impossible<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Since leaving office, Mr. Trump has continued to criticize the Fed, leading to speculation that he could try again to fire Mr. Powell \u2014 or pressure him to resign.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Asked about those possibilities on Thursday, Mr. Powell said directly that he would not leave if Mr. Trump asked him to resign, and that the president did not have the power to push him out before his term as chair ends in May 2026. He declined to elaborate.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Powell made the comments at a news conference on Thursday following the central bank\u2019s decision to cut interest rates by a quarter of a percentage point. Fed officials have signaled that more cuts are likely but gave little hint on Thursday about when or how much they will lower rates.<\/p>\n<p class=\"css-at9mc1 evys1bk0\"><a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/11\/07\/business\/economy\/trump-federal-reserve-powell-interest-rates.html\" title=\"\">None of that is likely to stop Mr. Trump<\/a> from publicly commenting on Fed policy, something he did frequently in his first term. Mr. Powell has consistently said that the central bank makes its decisions without considering the political ramifications and that public pressure \u2014 from Mr. Trump or anyone else \u2014 has no impact on its policies.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2024\/11\/07\/us\/politics\/jerome-powell-trump-fed.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Would Jerome H. Powell, the chairman of the Federal Reserve, step aside if asked to do so by President-elect Donald J. Trump? Mr. Powell had a one-word answer on Thursday: &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=123355\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-123355","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=123355"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123355\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=123355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=123355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=123355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}