"I would not step aside if asked to do so by President-elect Trump. The president does not have the power to fire or demote me," Powell stated emphatically.
"Mr. Trump’s advisers concluded that firing or demoting me would be difficult if not impossible. This reflects the independence of the Federal Reserve," Powell noted about past discussions.
"Our decisions are made without regard for political ramifications. Public pressure from Mr. Trump or anyone else does not influence our policies," Powell reaffirmed.
"Despite speculation about possible actions from Trump, I’ll remain in my position until my term ends in May 2026," Powell concluded confidently.
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