🚨LAST MINUTE:
CAN FED CHAIR POWELL BE REMOVED?
White House Economic Adviser Hassett stated that if Trump is re-elected, he has the authority to remove Fed Chair Powell "if there is a valid reason."
But is it really possible?
According to U.S. laws, a Fed Chair can only be removed for serious cause. An arbitrary decision would contradict this principle of independence.
However, Trump has previously targeted Powell explicitly. If he is re-elected, this rhetoric could turn into a direct intervention.
Powell's term ends in 2026. But this process could affect many balances in the markets, from the direction of the dollar to #cryptocurrencies.