Federal Reserve Chairman Jerome Powell told reporters Thursday he would not step down from his appointed position if Donald Trump asked him to, saying he’d have no obligation to leave if the president requested it before the end of his term in 2026.

The question of whether Mr. Powell might be on the chopping block should Trump serve a second term has been the subject of debate through the course

Jerome Powell is digging in his heels, and he’s not about to let anyone, not even Donald Trump, tell him how to run the Federal Reserve.

The Federal Reserve sets US interest rates and manages monetary policy, and its chair, Jerome Powell, has declared he won't be stepping down until his term ends in 2026.

Jerome Powell was prepared to go to court when the president floated his dismissal six years ago. If it happens again, the Fed chair might have to pay the legal tab himself.

Minneapolis Federal Reserve President Neel Kashkari reacts to President-elect Donald Trump’s calls for Jerome Powell to resign on ‘Cavuto Live.'

Powell is indicating he wouldn’t go down without a fight if Trump tries to remove him. How a battle could shake out.

Many economists are already scaling back their expectations for the number and pace of Federal Reserve rate cuts next year on account of policies expected from a new Trump administration.