Trump will be furious as an old foe digs in his heels
Federal Reserve Chair Jerome Powell announced he will remain on the board as a governor after his term as chair ends, defying President Donald Trump's demands for his departure. Powell cited ongoing legal and political attacks, including a criminal investigation and accusations against fellow governor Lisa Cook, as reasons for staying to protect the Fed's independence. His decision is expected to provoke further conflict with Trump, who has repeatedly criticized Powell and threatened to remove him.
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