politics @lemmy.worldEnglish · 1 day ago

Jay Powell says Donald Trump couldn't fire him even if he tried

finance.yahoo.com

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Jay Powell says Donald Trump couldn't fire him even if he tried

finance.yahoo.com

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politics @lemmy.worldEnglish · 1 day ago

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.

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