🔥 US President Cannot Fire a FED chair, Legally🔥
Jerome Powell was appointed as FED chairman by Donald Trump himself in February, 2018. He was again renominated for the second term by former US president Biden in 2021. Jerome Powell is a currently serving as a FED board member and his current tenure of 4 years as a FED chairman will end in May 2026.
Lately, both FED chairman and US president have not seen eye to eye over the differences on the tariffs and economic policies. They have often clashed publicly and critiqued each other’s approach to geopolitics and economics. Recently, as reported by coingape, president Trump asked chairman Powell to cut FED rates.
A Supreme Court ruling released on May 22nd 2025 stated that FED chairman is legally protected and cannot be fired by President Trump. The Supreme Court clarified that the relationship between FED and president is different than other agencies. Historically, a US president has never fired a FED chairman.
Jerome Powell was once asked that can president Trump fire him if re-elected, to which he replied, “Not permitted under the law”.
