Fed's Powell says he will not quit even if asked by Trump

Federal Reserve Chair Jerome Powell said on Thursday he would refuse to leave office early if incoming President Donald Trump tried to oust him, adding he cannot be legally removed anyway. Speaking at a press conference following the latest meeting of the rate-setting Federal Open Market Committee, Powell was asked if he'd exit central bank leadership if asked by Trump, who repeatedly attacked him in his first term as president. Powell said flatly "no" and noted that removing him, or any of the other Fed governors, ahead of the end of their terms is "not permitted under the law."