Reporter: If President Trump asked you to resign, would you resign?

Federal Reserve Chair: No.

Reporter: So according to the law, can President Trump force you to resign?

Federal Reserve Chair: No.

Objectively speaking, Jerome Powell was appointed to the Federal Reserve Board by President Obama in 2012, then appointed as Federal Reserve Chair by President Trump in 2016, and was reappointed by President Biden. He has served under three presidents from two different political parties.

Another reporter: Can President Trump demote you?

Federal Reserve Chair: The law does not allow it.