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(Bloomberg) — Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point. Most Read from Bloomberg When asked at a post-meeting press conference …

He made one essential bet: that his grievances would become the grievances of the MAGA movement, and then the G.O.P., and then more than half the country. It paid off. Source link

The most raucous cheers of the night were prompted by Trump’s promise to fire Gary Gensler, chairman of the Securities and Exchange Commission, a regulatory agency that has brought a volley of lawsuits against crypto businesses under the Biden administration. Separately, Trump has promised to commute the sentence of Ross …