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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1 day 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.

politics @lemmy.world

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