Fed chair says he's not going anywhere—and Trump can't make him

Federal Reserve Chair Jerome Powell said Thursday that he would not resign his job, even if President-elect Donald Trump asked him to.

"Some of the president-elect's advisers have suggested that you should resign. If he asked to leave, would you go?" Politico reporter Victoria Guida asked Powell at a news conference, after  the governing board of the central bank voted to lower interest rates by a quarter of a percentage point as inflation continues to wane and fears of a slowing job market rise.

Powell replied with a terse, “No,” later adding that Trump is “[n]ot permitted under the law” to fire him.