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.

  • stoly@lemmy.world
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    12 hours 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
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      11 hours ago

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