Federal Reserve Chair Jerome Powell discussed the central bank’s decision to cut interest rates by a quarter percentage point, following a half-point cut in September, and the outlook for inflation and the economy,

Asked if he would leave the Federal Reserve at President-elect Trump's request, Chairman Powell has a simple and emphatic answer: "No." "Do you think that legally you are not required to leave," the same reporter asked Powell at a press conference Thursday.

The Federal Reserve's 25-bp rate cut will help support the solid U.S. economy, Federal Reserve Chair Jerome Powell said on Thursday. Recent data indicate that economic activity has continued to expand at a solid pace,