‼️Can Trump replace Jerome Powell? 🇺🇸🦅
Trump cannot legally remove Jerome Powell as Federal Reserve Chair before his term ends in May 2026, as the law allows dismissal only "for cause," like misconduct, not policy disputes.
👉No Fed Chair has ever been fired, and such a move would face legal and political backlash, threatening Fed independence. Powell's cautious policy, with two planned rate cuts in 2025, seems reasonable given 2.4% inflation and expected GDP growth. A 2.5-point cut, as some suggest, risks higher inflation. The claim of Europe making 10 rate cuts is exaggerated; the ECB made five since June 2024.
