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.

  • dhork@lemmy.world
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    19 hours ago

    Within the bounds of his official duties. Which the statute defines. The President can fire many other positions whenever he likes, but not this one.

    • Stovetop@lemmy.world
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      19 hours ago

      Who’s gonna say no? The supreme court? The legislature? It’s GOP all the way down now.

      • dhork@lemmy.world
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        18 hours ago

        Well, according to Powell, he can say no. We’ll see how well that works.

        • nickwitha_k (he/him)@lemmy.sdf.org
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          14 hours ago

          You think that the guy who looks up to a dictator that throws people that he is upset at out of windows, who has also been granted immunity to any reprecussions for illegal acts by the Supreme Court, is going to care if Powell doesn’t want to do what he wants to?

          Best to come to terms with what people non-voted for so that you’re not taken by surprise. Laws don’t mean shit for him anymore and he’s not leaving the kingship that he’s been handed on a silver platter while he’s still alive.

    • Boddhisatva@lemmy.world
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      18 hours ago

      Really? If Trump tries and fails to fire him, then this guy is going to find himself in Gitmo, or maybe Trump will just send Seal Team 6 to kill him. Immune.