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What key policy changes will Powell initiate at the Fed in 2025?
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Resolution / Starting Odds
Interest rate hike • 25%
Interest rate cut • 25%
Introduction of new monetary tool • 25%
No significant policy change • 25%
Official Federal Reserve policy announcements or major news outlets
Story
Fed Chair Powell Says He Won't Resign, Asserts Trump Can't Legally Fire Him
Nov 7, 2024, 08:07 PM
Federal Reserve Chair Jerome Powell stated on Thursday that he would not resign if asked by President-elect Donald Trump, despite suggestions from some of Trump's advisers that he should step down. When asked during a press conference if he would leave his post at the President's request, Powell firmly replied, 'No.' When pressed further on whether he believes he is legally required to leave if asked, he responded, 'No.' Powell also asserted that the President does not have the legal authority to fire or demote him, stating, 'Not permitted under the law.' He emphasized his commitment to serve his full term and highlighted the importance of the Federal Reserve's independence.
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