Fed chairman says if Pres. Trump asks, he won't resign

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WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says he won't resign if asked to do so by President Donald Trump, and that the Fed will be patient in deciding when to raise interest rates again.

Jerome Powell, American former investment banker, who is the current Chair of the Federal Reserve, Photo Date: April 14, 2016 / Photo: Federal Reserve /Flickr / (MGN)

Both of those messages cheered stock market investors, who had been worried about Trump's repeated attacks on the man he chose to lead the nation's central bank and the Fed's march toward higher rates.



 
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