Defiant Fed chief Powell says wouldn't resign even if Trump asked him to


Federal Reserve Chairman Jerome Powell on Friday eased concerns in financial markets, saying that while US economic momentum is solid the central bank is sensitive to the risks highlighted by investors and will be patient with its monetary policy in 2019.

Speaking after months of volatility in world bond and stock markets, Powell said the Fed would be flexible in deciding future interest rate hikes, balancing the steady flow of strong economic data against an array of risks, from slowing global growth to worries about trade, that.

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