What's known about whether Trump can fire Powell from the Fed

  • Posted on April 22, 2025
  • By Business News Today
  • 4 Views
What's known about whether Trump can fire Powell from the Fed

President Trump's continued criticism of Federal Reserve Chair Jerome Powell over interest rate policies has stirred financial market anxieties, raising concerns about a potential attempt to remove Powell. The legality of such an action is debated, with the Federal Reserve Act outlining removal for "cause," typically interpreted as misconduct. While unprecedented, legal challenges are anticipated, potentially reaching the Supreme Court.
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