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Fed 'Megaphone' Mention of Powell Resignation Report: First Reaction is to Ignore It, Powell Has Made Resolute Statements
Summary: Regarding the rumor of Federal Reserve Chairman Powell resigning, 'Fed Megaphone' Nick Timiraos stated on social media that his first reaction when asked about various online rumors is to ignore them. However, for those genuinely curious about whether the Fed Chair will go back on his repeated promises (to complete his term, which has only ...
Regarding the rumor of Federal Reserve Chairman Powell resigning, 'Fed Megaphone' Nick Timiraos stated on social media that his first reaction when asked about various online rumors is to ignore them. However, for those genuinely curious about whether the Fed Chair will go back on his repeated promises (to complete his term, which has only 10 months left), I will recall how Powell answered questions about 'jumping ship' six years ago. I included his response in my book because it was the most resolute statement: 'Under no circumstances will I voluntarily leave this job before the end of my term. Absolutely not. You will not see me jump ship. I cannot imagine any situation where I would be unable to complete my term, unless I am dead.'
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Link: Fed 'Megaphone' Mention of Powell Resignation Report: First Reaction is to Ignore It, Powell Has Made Resolute Statements [Copy]
