If Powell could legally be fired, wouldn't he have been fired already? He's got over a year to run on his term.
i don’t think Trump wants to have to fire Powell with all he has going on. but his waiting too long to lower rates might throw us into a recession - so i couldn’t count this possibility out. Powell had a few missteps in #45 term so
not the best track record.
END THE FED!
What a crazy system this country has, it’s a wonder ANYTHING of value ever gets accomplished...and yes I realize it’s as good if not better than almost every other form of government on the planet
The president appoints the board, the board decides the chairman.
Fire enough of the board to replace him, he’s gone.
Yes, tariffs may increase prices but it is not inflationary.
It does not increase the money supply.
The Federal Reserve is not considered an executive agency. It is an unconstitutional “independent” federal agency. It is supposedly not part of the executive branch and operates outside of its direct control. The Fed is structured to ensure its monetary policy decisions are not subject to political pressures. While the Federal Reserve communicates with the executive branch and Congress, its decisions are made independently to serve the public interest.
Trump should fire all of the governors and appoint new ones.
Powell is actively attempting to sabotage Trump.
In this case I don’t agree with Trump on rate cuts. That little game of gimmie a quick rush always ends very badly in the end. We are from over the damage from the last time. For instance there are finally a few places where someone can make a little more than .01 percent on their savings account. A rate cut will destroy that.