'Other than dying' – Fed's Powell won't leave voluntarily, even defying criminal referral
The post 'Other than dying' – Fed's Powell won't leave voluntarily, even defying criminal referral appeared on BitcoinEthereumNews.com. Jerome Powell told his allies he would not leave the Federal Reserve unless he died. That’s exactly how far he said he is willing to go to finish his four-year term, no matter what pressure Donald Trump threw at him. The statement is detailed in Trillion Dollar Triage by Nick Timiraos, who reported Powell’s private refusal to walk away even under threat. Powell told people behind the scenes: “You will not see me getting in the lifeboat. I will never, ever, ever leave this job voluntarily until my term ends under any circumstances. None, whatsoever. It doesn’t occur to me in the slightest that there would be any situation in which I would not complete my term other than dying.” Powell’s resistance was tested publicly in 2019, when Trump was loudly criticizing Powell’s handling of interest rates. At a hearing held by the House Financial Services Committee, chaired by California Democrat Maxine Waters, Powell was asked directly how he’d respond if Trump called to fire him. “Mr. Chairman, if you got a call from the president today or tomorrow, and he said, ‘I’m firing you. Pack up, it’s time to go,’ what would you do?” Waters asked. Powell said, “Well, of course I would not do that.” When Waters said she couldn’t hear him, Powell repeated himself: “My answer would be ‘no.’” She followed up again: “And you would not pack up and you would not leave?” Powell answered, “No, ma’am.” When asked if that was because he believed the president lacked the authority, he said, “What I’ve said is that the law clearly gives me a four-year term, and I fully intend to serve it.” Powell faces criminal referral over renovation testimony Now in 2025, Powell is facing heat again, this time not just from Trump, but from the…
The post 'Other than dying' – Fed's Powell won't leave voluntarily, even defying criminal referral appeared on BitcoinEthereumNews.com.
Jerome Powell told his allies he would not leave the Federal Reserve unless he died. That’s exactly how far he said he is willing to go to finish his four-year term, no matter what pressure Donald Trump threw at him. The statement is detailed in Trillion Dollar Triage by Nick Timiraos, who reported Powell’s private refusal to walk away even under threat. Powell told people behind the scenes: “You will not see me getting in the lifeboat. I will never, ever, ever leave this job voluntarily until my term ends under any circumstances. None, whatsoever. It doesn’t occur to me in the slightest that there would be any situation in which I would not complete my term other than dying.” Powell’s resistance was tested publicly in 2019, when Trump was loudly criticizing Powell’s handling of interest rates. At a hearing held by the House Financial Services Committee, chaired by California Democrat Maxine Waters, Powell was asked directly how he’d respond if Trump called to fire him. “Mr. Chairman, if you got a call from the president today or tomorrow, and he said, ‘I’m firing you. Pack up, it’s time to go,’ what would you do?” Waters asked. Powell said, “Well, of course I would not do that.” When Waters said she couldn’t hear him, Powell repeated himself: “My answer would be ‘no.’” She followed up again: “And you would not pack up and you would not leave?” Powell answered, “No, ma’am.” When asked if that was because he believed the president lacked the authority, he said, “What I’ve said is that the law clearly gives me a four-year term, and I fully intend to serve it.” Powell faces criminal referral over renovation testimony Now in 2025, Powell is facing heat again, this time not just from Trump, but from the…
What's Your Reaction?
