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.
I’m gussing it’ll play out like:
Trump doesn’t even have to get his hands dirty on this. He’ll drop a few tweets about his “Marxist monetary policies” putting the economy at risk and Trumps supporters will harass and threaten him into resigning.
Wonder if they’ll respin Gitmo and fill it with his opponents. Cuba could use some cash.