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.

  • Stovetop@lemmy.world
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    15 days ago

    The Supreme Court has actually set the precedent that the president is allowed to do whatever they want with complete immunity. From a legal standpoint, Trump can absolutely just get rid of him, one way or another, with no repercussions.

    • stoly@lemmy.world
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      15 days ago

      For what you suggest to happen they’d have to physically block him from the office and cancel his payroll. Otherwise he just keeps going.

      • SkyNTP@lemmy.ml
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        15 days ago

        Sounds to me like you are not very well read on 1930’s German history.

    • dhork@lemmy.world
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      15 days ago

      Within the bounds of his official duties. Which the statute defines. The President can fire many other positions whenever he likes, but not this one.