Summary

Federal Reserve Chair Jerome Powell asserts that he cannot be fired by President-elect Donald Trump, citing legal protections under the Federal Reserve Act.

Trump has previously expressed his desire to remove Powell, but legal experts argue that a policy disagreement would not constitute “for cause” removal.

  • Jesus@lemmy.world
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    17 days ago

    Does it matter? Powell’s term ends in a year and a half, and then Trump gets to pick a train wreck chair that we would be stuck with for 4 years.

    Also, he claims he doesn’t want to give Powell a 3rd term.