Fed Chair Jerome Powell said Wednesday he isn't worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January. There are safeguards in the congressional legislation that created the central bank that will help preserve it from political influences,

Federal Reserve Chair Jerome Powell said Wednesday that he was "not concerned" the US central bank would lose its independence, despite President-elect Donald Trump's suggestion that he should have input into interest rate decisions.

U.S. Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger now than the central bank had expected in September when it began reducing interest rates, and appeared to signal his support for a slower pace of interest-rate cuts ahead.

The economy is strong, and it’s stronger than we thought it was going to be in September,’ said the Fed chief.