Summary
Federal Reserve Chair Jerome Powell asserts that he cannot be fired by President-elect Donald Trump, citing legal protections under the Federal Reserve Act.
Trump has previously expressed his desire to remove Powell, but legal experts argue that a policy disagreement would not constitute “for cause” removal.
I’d argue he is. Politics and law aren’t deterministic, the rules are flexible and determined by how people interpret them. If it was actually a non issue he wouldn’t bother saying anything. He’s posturing and trying to make a case so that the admin is less likely to start that fight. Everyone has limited time and resources so making it seem like fucking with the Fed would take a lot of both lowers the odds they try.
So you’re saying this one guy is being useful for somehow saying his job is safe?
This is the worst take…
I mean, he’s done a good enough job and I’d take him over literally anyone trump wants to appoint.