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Article Summary
- Jerome Powell resigns as chairman of the Federal Reserve under pressure from Trump
- Powell's resignation comes amidst criticism from Trump over interest rates and economic policy
- Possible replacements for Powell as chairman of the Federal Reserve are being considered
- The impact of Powell's resignation on the economy and financial markets is being discussed
- Speculation on the future direction of the Federal Reserve under new leadership Tone: Serious and informative
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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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