Live: ASX opens higher, Fed Reserve chair won’t step down if asked by Trump

The ASX has rallied at the open, as expected, after the US Fed Reserve cut interest rates. The chair of the US Fed says he will not step down if Trump asks him to resign. Follow the day’s events and insights from our business reporters on the ABC News live markets blog. The ASX has rallied at the open, as expected, after the US Fed Reserve cut interest rates. The chair of the US Fed says he will not step down if Trump asks him to resign. Follow the day’s events and insights from our business reporters on the ABC News live markets blog. Stock Market, Financial Markets, Currency, Cryptocurrency, Economy, Company News Latest business news