Reported 1 day ago
President Trump faces significant legal hurdles in attempting to fire Federal Reserve Chair Jerome Powell, as Powell has unequivocally stated he won't leave if dismissed and cites legal protections for his position. The Federal Reserve Act confirms that board members hold lengthy terms unless removed for cause, and legal experts suggest that the Trump administration would likely lose a court battle over such a dismissal. Despite speculation regarding potential causes for dismissal, including financial oversight of Fed projects, legal uncertainties make it improbable that Trump will act against Powell before the end of his term.
Source: YAHOO