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Federal Reserve Chair Jerome Powell says he won't resign if asked by President-elect Donald Trump, emphasizing that the president lacks the authority to fire him. Powell added that Trump's election will not immediately impact the Fed's monetary policy.
Transcript
00:00The head of the U.S. Federal Reserve says he will not step down if President-elect Donald
00:06Trump asks for his resignation.
00:08In a press conference, Jerome Powell said that the president does not have the power
00:12to fire him.
00:13Powell and Trump have had a contentious relationship, with Trump arguing that the Fed wasn't easing
00:19monetary policy quickly enough.
00:22Powell also insisted that Trump's victory will not have any immediate impact on central
00:27bank policy.

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