Reported 16 days ago
President-elect Donald Trump has shown uncertainty about whether to remove or demote Federal Reserve Chair Jerome Powell, but Powell has stated he plans to remain in his position. Former Richmond Fed President Jeffrey Lacker discussed the legalities of Powell's tenure, noting that while he cannot be fired before 2026, Trump could appoint a new chair if Powell stays on the board afterward. Lacker advised that historically, presidents refrain from impacting Fed decisions and recommended that Trump should leave the Fed independent to maintain market confidence.
Source: YAHOO