While continuing to avoid direct comment on the president's withering criticism of central bank interest rate policy, Powell told '60 Minutes' that Trump can't remove him from office.
Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump.
"The law is clear that I have a four-year term, and I fully intend to serve it," Powell told the CBS news magazine show. Asked directly if he thought Trump could fire him, he said,"no." During that period, the U.S. saw its best economic gains of a recovery that began in mid-2009. GDP rose nearly 3 percent for the year, though most economists see that cooling off in the years ahead.
Powell said that the Fed, while likely on hold for a while, will be making its policy decisions based on the data and not on political considerations.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Powell: Fed not in 'any hurry' to change rates amid global risks - tvFederal Reserve Chairman Jerome Powell said on Sunday the U.S. central bank does...
Consulte Mais informação »
Fed Chairman Powell Sees No Need to Change Rate PolicyFederal Reserve Chairman Jerome Powell said in a ‘60 Minutes’ interview that the U.S. economic outlook is favorable and that the economy doesn’t require higher or lower interest rates now.
Consulte Mais informação »
House Judiciary Chair Jerry Nadler says it's 'clear' Trump obstructed justice, plans 'abuse of power' probeRep. Jerry Nadler, D-N.Y., said he believes Trump is guilty of abusing his power but cautioned that 'impeachment is a long way down the road.'
Consulte Mais informação »
Judiciary Committee chair: 'Very clear' Trump obstructed justiceThe chairman of the House Judiciary Committee believes it's 'very clear' that Trump obstructed justice. That's very easy to believe.
Consulte Mais informação »
Trump friend and inaugural chair Tom Barrack plans to cooperate with House Judiciary requestsPresident Trump's longtime friend Tom Barrack will cooperate with the House Judiciary Committee's request despite the commander in chiefs dissaproval.
Consulte Mais informação »
Powell downplays recession fears in ‘60 Minutes’ interviewFederal Reserve Chairman Jerome Powell, in a rare appearance on “60 Minutes” said the economy has only slowed a bit and said there was no reason the expansion could not last into record territory.
Consulte Mais informação »
Donald Trump’s media attacks are “right out of a dictator’s playbook,” Laurene Powell Jobs says“I think the undermining of the media is, in the last two years, unprecedented and really scary, and everybody should pay attention,” said the widow of the late Apple founder Steve Jobs.
Consulte Mais informação »
Fed's Powell says no immediate policy responses needed to economyThe Federal Reserve does not see problems in the U.S. economy that warrant an im...
Consulte Mais informação »
The ‘Czech Donald Trump’ Meets With Real Donald Trump in White HouseBillionaire Czech Prime Minister Andrej Babiš said that he wants to make the Czech Republic “great again” during a meeting between the two politicians.
Consulte Mais informação »
Michael Cohen sues Trump Organization for legal fees incurred after turning on TrumpIn the lawsuit, Michael Cohen says he was part of an agreement with the Trump Organization that outlined the business would cover his legal expenses.
Consulte Mais informação »