Fed Chair Powell Responds to Trump: No Intention to Resign Before Investigation Concludes

Odaily News According to reports, US President Trump stated that if Federal Reserve Chair Powell remains in office after his term expires, he will dismiss him. As scheduled, Powell's term as Chair will end on May 15th. During an interview, Trump said, "If he doesn't leave, then I'll have to fire him." It is reported that Trump's nominee for successor, Warsh, has not yet been confirmed by the Senate, meaning that during the transition period, Powell may continue to serve as "Acting Chair." Powell had previously indicated that if his successor is not confirmed, he will legally remain in office. Additionally, the US Department of Justice is currently investigating the renovation project at the Federal Reserve headquarters. Trump has repeatedly criticized Powell for not lowering interest rates as he wished and has questioned the costs related to the project, suggesting there "may be corruption or serious mismanagement."

Powell responded by stating he has no intention to resign before the investigation concludes, emphasizing that he will fulfill his duties until the investigation is "fully concluded with transparent findings." (CCTV News)