Federal Reserve Chairman Jerome Powell said Friday he would not resign if President Donald Trump asked him to.

Trump has been a frequent and vocal critic of Powell and the Fed, blaming them for raising rates and posing a threat to his economic agenda. That public berating of the independent central bank breaks with recent norms.

Asked at an economic conference if he would step down should Trump request his resignation, Powell said, "No."

He also said he had not heard directly from Trump despite the president's many recent Twitter outbursts and Powell repeated that the institution remained outside political considerations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)