Federal Reserve Chair Jerome Powell made it clear that he has no intention of resigning from his position, even if asked by President-elect Donald Trump. During a post-meeting news conference on Thursday, Powell responded with a firm 'No' when questioned about the possibility of stepping down.
The Federal Reserve's decision to cut interest rates by a quarter point came shortly after the presidential election. This move is seen as a strategic response to the economic landscape and aims to support continued growth and stability.
