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

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.

Fed Chairman Jerome Powell's curt but clear response on whether he would step down from his job under pressure could set up President-elect Donald Trump's first major showdown over his sweeping plans on the economy.

Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.

Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal.

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.