The Federal Reserve has announced a cut in interest rates, a move that reflects its optimistic outlook on the economy. Fed Chair Jerome Powell has made it clear that he will not resign, even if asked by former President Trump, citing that such a dismissal is not permitted under the law. Powell expressed confidence in his position, stating he is prepared to withstand any political pressure that may arise. Reports suggest that Trump is likely to allow Powell to serve the remainder of his term, which further stabilizes the Fed amidst uncertainties.