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Article Summary
- Jerome Powell, the chairman of the Federal Reserve, has resigned
- The resignation comes after pressure from President Trump
- Powell's resignation could have significant implications for the economy
- The move has sparked concerns about the independence of the Federal Reserve
- Speculation is rising about who will replace Powell as chairman Tone: Concerned
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Fed Chair Powell Won't Resign If Trump Asks
Federal Reserve chair Jerome Powell told reporters on Thursday he will not resign before the end of his term, even if President-elect Trump asks him to leave.Why it matters: Powell's intention to serve out the rest of his term sets up a new battle between the central ba...
https://www.axios.com/2024/11/07/jerome-powell-fed...
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