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.