Fed Chair Powell The law is clear Trump cant fire me

trump powell

TL;DR

Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. Trump has said the rate hikes are the biggest threat to U. The Feds seemingly sudden shift to pause on further interest rate hikes came after Trumps unprecedented string of negative comments about Powell and the Fed hiking rates under his leadership stoking concerns that Trump had influenced the apolitical central bank. Trump has been highly critical of the Feds rate hikes calling the increases his biggest threat. Trumps attacks were frequent last fall when the stock market was plunging in value a drop that the president blamed in part on the Feds rate hikes. Federal Reserve Chairman Jerome Powell said in an interview with CBS 60 Minutes which aired on Sunday night that President Donald Trump cannot fire him according to the law. Federal Reserve Chairman Jerome Powell said in an interview with CBS 60 Minutes on Sunday that President Donald Trump cannot fire him according to the law. Powell told 60 Minutes that the Fed remains independent and operates without political sway. I would say theres no reason why this economy cannot continue to expand he told 60 Minutes

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