Federal Reserve Chair Jerome Powell is standing his ground amidst recent criticism from President Trump.
Powell spoke out in a joint interview with predecessors Ben Bernake and Janet Yellen. Powell flatly said, “No,” he would not honor the president’s request for his resignation, should it ever come. (RELATED: DOW Has Its Worst Week In Nearly A Decade As Government Shutdown Looms)
— BloombergQuint (@BloombergQuint) January 4, 2019
“People should know the Fed has a very strong culture around nonpolitical activity,” Powell said. “It’s very much in the DNA of anyone who has spent any time at the Fed.”