politics @lemmy.worldEnglish • 11 hours ago

Jay Powell says Donald Trump couldn't fire him even if he tried

finance.yahoo.com

150

Jay Powell says Donald Trump couldn't fire him even if he tried

finance.yahoo.com

@[email protected] to

politics @lemmy.worldEnglish • 11 hours ago

President-elect Donald Trump has sent mixed signals for years on whether he would fire or demote Jerome Powell. But Powell made it clear Thursday that he won’t be going anywhere even if Trump tried.

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.

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46•11 hours ago

citing legal protections

…yeah bro, those are just as fucked as the rest of the US.
- @[email protected]
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  fedilink
  12•11 hours ago
  Unless you’re also the President of the US “legal protections” mean jack shit. You will do the Kings bidding or you suffer his wraith.

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