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.

  • @[email protected]
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    11 hours ago

    He is correct, though, that as the law currently stands, Trump can’t just get rid of him on his own authority. And changing the law does take time, theres a process to go through. It’s not like they can just pass a bill that says “Trump can do whatever he damn well pleases”. It has to be worded properly to pass legal muster. There are specific committees that deal with that stuff, and the legislators in charge of that want to keep ownership of it. And he would need to get the entire Republican Caucus to agree, since it will get no Democratic support at all. A handful of Republicans might have their own reasons to not make the changes Trump demands.

    Trump can try without going through all that trouble, but the Powell gets to tell him to go pound sand, and the courts got the final say. Even if the courts are in the tank for Trump, it will still take time to resolve

    If Trump wants him gone, he could probably manage it eventually, with enough effort. But will the administration be disciplined enough to see it through? They might decide other things are more important, like putting brown people in camps.

      • @[email protected]
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        15 hours ago

        Law is a human construct, it is essentially a consensus structure. You can hold up a piece of paper that says “I can do what I want” and maybe it’s even legitimate, but you still need to convince other people of that and our legal structure/precedent puts more emphasis on process than being efficient or fast.

        In effect, the law has stopped trump from doing just about everything he wants to sans a few items. Every time he tries to do something he has to fight a bunch of people and that takes up some of his finite time and resources.

        Just because he has friends in all the high places doesn’t mean everyone else will just jump into line and do exactly what he wants, the more people obstruct the less damage he can do.

    • @[email protected]
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      2610 hours ago

      The Supreme Court has actually set the precedent that the president is allowed to do whatever they want with complete immunity. From a legal standpoint, Trump can absolutely just get rid of him, one way or another, with no repercussions.

      • @[email protected]
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        -57 hours ago

        For what you suggest to happen they’d have to physically block him from the office and cancel his payroll. Otherwise he just keeps going.

      • @[email protected]
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        -610 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.

            • nickwitha_k (he/him)
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              45 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.

        • @[email protected]
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          810 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.