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Powell on Trump: ‘The law is clear that I have a four-year term and I fully intend to serve it’
Federal Reserve Chairman Jerome Powell said Wednesday that despite reports that President Donald Trump was looking to demote or fire him, he doesn’t plan on leaving the central bank anytime soon. “I think the law is clear that I have a four-year term, and I fully intend to serve it,” Powell said at a news conference in Washington. Asked later in the conference when might be appropriate to publicly address Trump’s criticism, Powell said that he doesn’t “discuss elected officials publicly or privately.” “At the Fed, we’re deeply committed to carrying out our mission and also that our independence from ... (full story)