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Fed Chair Powell Stands Firm Against Trump's Pressure to Resign

1 min read
Source: Forbes
Fed Chair Powell Stands Firm Against Trump's Pressure to Resign
Photo: Forbes
TL;DR

Federal Reserve Chairman Jerome Powell stated he would not resign if President Trump asked him to, highlighting the legal ambiguity surrounding a president's authority to remove a Fed chair. Despite Trump's past criticisms and claims of having the power to fire Powell, no president has ever attempted such a move, and experts do not expect Trump to try. Powell, appointed by Trump in 2017 and reappointed by Biden, intends to serve his full term until 2026.

Topics:top-newspolitics#donald-trump#federal-reserve#interest-rates#jerome-powell#politics#presidential-authority
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  1. Can Trump Fire Jerome Powell? Fed Chairman Says He Won’t Resign If Trump Asks  Forbes
  2. Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump | Daybreak: Europe 11/08/2024  Bloomberg
  3. Jerome Powell Dismisses Idea of Trump Firing Him  The New York Times
  4. Powell says he won’t resign for Trump, can’t be fired  The Hill
  5. Fed's Powell says Trump can't fire him; `Not permitted under the law'  POLITICO

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