Fed Chair Powell Stands Firm Against Trump's Pressure to Resign
TL;DR Summary
Federal Reserve Chairman Jerome Powell stated he would not resign if President Trump asked him to, highlighting the legal ambiguity surrounding a president's authority to remove a Fed chair. Despite Trump's past criticisms and claims of having the power to fire Powell, no president has ever attempted such a move, and experts do not expect Trump to try. Powell, appointed by Trump in 2017 and reappointed by Biden, intends to serve his full term until 2026.
Topics:top-news#donald-trump#federal-reserve#interest-rates#jerome-powell#politics#presidential-authority
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- Jerome Powell Dismisses Idea of Trump Firing Him The New York Times
- Powell says he won’t resign for Trump, can’t be fired The Hill
- Fed's Powell says Trump can't fire him; `Not permitted under the law' POLITICO
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