Federal Reserve Chairman Jerome Powell stated he would not resign if Donald Trump asked him to step down before his term ends in 2026. Legally, it remains unclear if a president has the authority to fire a Fed chair, as no president has attempted it, and there is no specific statute addressing the matter. According to the Brookings Institution, past presidents have concluded they lacked the authority to remove a Fed chair. A senior Trump adviser mentioned that Trump is unlikely to attempt to dismiss Powell in the remainder of his term. Continue here.
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