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Jerome Powell hints Fed open to pause, says won't quit if Trump asks

Jerome Powell hints Fed open to pause, says won't quit if Trump asks

Saturday, January 5, 2019, 8:01 PM

Federal Reserve Chairman Jerome Powell signaled central-bank could pause interest-rate increases if US economy-weakened and pledged he will stay at-his-post even if President Trump presses him to resign. Invoking-events of 2016, when the Fed-held-rates unchanged through most-of-year amid financial-market turmoil spurred by concerns over slower growth in China, Powell said he's "listening sensitively to message that markets are sending" about downside risks to growth.
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