The article discusses the recent comments made by Federal Reserve Chair Jerome Powell, stating that he has no intention of resigning from his position even if President-elect Donald Trump asks him to. This comes after Trump threatened to remove Powell during his first term, which Powell says is not legally permitted. The article also speculates about Trump's plans for the Securities and Exchange Commission (SEC) and suggests that current Commissioner Mark Uyeda may take over as acting chair before Trump nominates an outsider. Rumors also suggest that Robinhood chief legal officer Dan Gallagher may be on Trump's shortlist for the position.
- Content Editor ( blockworks.co )
- 2024-11-08
Chair Powell says he won’t step aside if Trump asks