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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    814 days ago

    I’d argue he is. Politics and law aren’t deterministic, the rules are flexible and determined by how people interpret them. If it was actually a non issue he wouldn’t bother saying anything. He’s posturing and trying to make a case so that the admin is less likely to start that fight. Everyone has limited time and resources so making it seem like fucking with the Fed would take a lot of both lowers the odds they try.

    • @[email protected]
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      -214 days ago

      So you’re saying this one guy is being useful for somehow saying his job is safe?

      This is the worst take…

      • @[email protected]
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        214 days ago

        I mean, he’s done a good enough job and I’d take him over literally anyone trump wants to appoint.