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This week’s FOMC meeting ended as expected Thursday, with central bankers opting to lower interest rates by 25 basis points. President-elect Donald Trump, however, may have been caught off guard by some of Fed Chair Jerome Powell’s comments. 

Powell asserted yesterday that he had no intention of leaving his post before his term ends in 2026, even if Trump asks him to step aside. 

“No,” Powell said simply when asked during the post-FOMC press conference if he would resign at the new administration’s request. 

To be clear, Trump said in June that he would allow Powell —…

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