In a media briefing Thursday after announcing a reduction in interest rates, the chairman of the Federal Reserve said he would not resign if asked by President-elect Donald Trump.Chairman Jerome Powell was asked by a reporter about the possibility of Trump asking him to resign after the stunning results of the election Tuesday. 'Trump had accused Powell of hurting the economy by raising interest rates.'"No," Powell replied simply. "Do you think that legally you're not required to leave?" asked the reporter. "No," he responded. When asked whether he believed the president had the power to force him to resign, he responded, "Not permitted under law." Powell was appointed to Fed chair in 2018 by Trump but was criticized by the president for what he saw as poor job performance. In 2019, Powell was similarly asked if he would step down from the position if Trump asked him to resign, and he had the same answer at that time. Trump had accused Powell of hurting the economy by raising interest rates at the time, but Powell argued that higher rates were necessary in order to avoid inflation. Powell had also announced a quarter of a point reduction in reserve interest rates on Thursday after the Federal Reserve had previously cut rates by half of a percent in September. After losing the election in 2020, Trump has since said that he wants the presidency to have more of a say in setting interest rates, despite economists' warnings that the Federal Reserve was created to be independent from the presidency to avoid political meddling in the economy. “I don’t think I should be allowed to order it, but I think I have the right to put in comments as to whether the interest rates should go up or down,” said Trump to Bloomberg News in October. “The independence of the Fed is something that not just economists, or investors, but citizens should place a high value on,” said economist Carl Tannenbaum to the Associated Press in August. Powell went on to say Thursday that the election would have no effect on the decisions made at the Federal Reserve. “In the near term, the election will have no effects on our policy decisions,” he said. Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

President Donald Trump won the 2024 election in a landslide victory — and after a period of silence, Kamala Harris has given her concession speech. Harris gave her speech at Howard University, which is her alma mater. “It was an interesting chain of events because last night, very quiet, didn’t say a word. They had this crowd waiting for her and they actually had one of her campaign staffers who had to come up to the mic and say, ‘She’s not– go home,’” Sara Gonzales of “Sara Gonzales Unfiltered” comments. “Very strange that she wouldn’t even speak, and it makes you wonder what was going on there,” she adds. Harris reportedly did end up calling Donald Trump by phone to concede and had a “pleasant conversation” with the president-elect. However, when she gave her concession speech to the public, she was 20 minutes late. “I know folks are feeling and experiencing a range of emotions right now, I get it, but we must accept the results of this election,” Harris began, noting that she would “help him and his team with their transition” and “we will engage in a peaceful transfer of power.” Gonzales finds the whole thing quite “interesting.” “All of a sudden she’s like, ‘No, I mean, he won fair and square and we need to acknowledge that.’ Well, you didn’t acknowledge it last night. So, were you too drunk or were you waiting to find out if you guys could figure out how you could find the votes?” Gonzales says. “It’s very strange to hear her ... intentionally go along to get along. ‘It’s going to be peaceful, we’re going to do this the nice way,’” she continues. “Why would you want a peaceful transfer of power with literally Hitler?” Steve Deace of “The Steve Deace Show” chimes in, adding, “why would you concede it all to fascism?” “I think that ultimately, they either believe these talking point, which is devastating in it’s own right, or they don’t, but they are so craving for power that they will cynically, nihilistically inject that venom and poison into our cultural lexicon and pit us against one another,” he adds. Want more from Sara Gonzales?To enjoy more of Sara's no-holds-barred take to news and culture, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Civilization 7 is rapidly approaching and as its launch gets ever closer we’re constantly learning more about the shape of this next instalment in the legendary series. 4X games are currently on the rise thanks to competitors like Millennia, Ara History Untold, and Age of Wonders 4, so the race is on for this next Civ to differentiate itself in an increasingly busy genre. Thankfully, new details have emerged thanks to a developer stream, giving fans plenty more to chew on regarding both the second of its three ages, and a leader who’s returning to the series. Continue reading Civilization 7 reveals a wonder-obsessed leader is returning to the 4X game MORE FROM PCGAMESN: Civilization 7 release date, Best strategy games, Best 4X games

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