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Jay Powell says Donald Trump couldn’t fire him even if he tried

Yahoo Finance
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President-elect Donald Trump has said he has the right to fire or demote Fed Chair Jerome Powell .

But Powell says he won't be going anywhere, even if Trump tried to do so.

Trump has signaled he may not be inclined to fire Powell but has also maintained he has that power.

The Federal Reserve Act doesn't address the chairman of the Board of Governors .