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Congress

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Fed Chairman Powell tells Congress he would ignore Trump if fired 

Jul 10, 2019By

Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he wouldn’t leave his post as the nation’s top central banker even if President Donald Trump fired him. Any whiff of instability at the top of the nation’s banking system could cause rates to rise as mortgage-bond investors seek additional compensation for perceived risk.

3d rendering of a row of luxury townhouses along a street

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