That’s essentially what Federal Reserve Chair Jerome Powell is experiencing with President-elect Donald Trump’s return to the White House.
When a reporter asked the Fed chair if he’d resign if Trump asked him to, Powell didn’t miss a beat.
Removing a Fed chair isn’t so simpleIf Trump, or any president for that matter, were to try to remove a Fed chair, they would encounter a steep uphill battle.
Ultimately, the Supreme Court could have the final say on what merits a “for cause” firing of a Fed chair.
Trump has tried testing the limits anywayNevertheless, Trump threatened to fire Powell on several occasions when he was first president.
Persons:
That’s, Jerome Powell, Donald Trump’s, Trump, he’d, Powell didn’t, “, ”, curtly, ” Powell, Powell, won’t, Powell doesn’t, Joe Biden, ” Trump
Organizations:
New, New York CNN, Federal, Trump, Republican, Bloomberg, Economic, of Chicago
Locations:
New York