[dajeeps]

Trump can no more fire Powell than he can fire a judge he appointed and whose rulings he doesn't approve of. Powell is in there for his four year term as Fed chair unless impeached.

12 USC §242 – Ineligibility to hold office in member banks; qualifications and terms of office of members; chairman and vice chairman; oath of office:

Upon the expiration of the term of any appointive member of the Federal Reserve Board in office on August 23, 1935, the President shall fix the term of the successor to such member at not to exceed fourteen years, as designated by the President at the time of nomination, but in such manner as to provide for the expiration of the term of not more than one member in any two-year period, and thereafter each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President…

[FreeReign]

12 USC §242 – Ineligibility to hold office in member banks; qualifications and terms of office of members; chairman and vice chairman; oath of office:

Upon the expiration of the term of any appointive member of the Federal Reserve Board in office on August 23, 1935, the President shall fix the term of the successor to such member at not to exceed fourteen years, as designated by the President at the time of nomination, but in such manner as to provide for the expiration of the term of not more than one member in any two-year period, and thereafter each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President…

Thanks for the info. Unfortunately the president doesn't seem to know that he does have the right to fire the Fed.

[DoodleDawg]

...unless sooner removed for cause by the President…

Disagreement with Presidential wishes is not cause.