Powell stands up to Trump threats, warns on Libra

By Phil Thornton
11 Jul 2019

The chairman of the US Federal Reserve, Jerome Powell, has insisted he will stand firm against any attempts by president Donald Trump to sack him as head of the central bank. Powell also warned that Facebook’s Libra currency plans raise concerns about financial stability.

Asked by the chairwoman of the US House of Representatives’ financial services committee, Powell said that if Trump asked him to resign, his answer would be no.

Ahead of his testimony to the committee, Maxine Waters, a senior Democrat, asked: “If you got a call from the President ...

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