Reported about 13 hours ago
President Donald Trump has been vocally critical of Federal Reserve Chair Jerome Powell for the Fed's reluctance to lower interest rates, raising concerns about the possibility of Trump attempting to fire Powell. Legal ambiguity surrounds this potential action; while the Federal Reserve Act allows for removal 'for cause', it does not explicitly address the Fed chair's four-year term. Historically, no president has fired a Fed chair, leading to questions of legal precedent. The implications of any dismissal could significantly alter Fed governance, especially if Trump seeks to appoint more compliant officials amid ongoing economic challenges.
Source: YAHOO