and the nice thing is that he can't dismiss him without justification.

#PowellVsTrump

💣💣💣 Trump finds a possible way to try to remove Jerome Powell from the Fed

The cost overrun in the works to remodel the headquarters of the US Federal Reserve (Fed) in Washington seems to give President Donald Trump a loophole to try to undertake a controversial action: firing the organization's president Jerome Powell, with whom he maintains disagreements over his monetary policy.

The situation raises many questions and is also worrying due to the impact that the appointment of a figure at the head of the entity may have on global markets that may ignore the independence of the Fed stipulated by law and implement Trump's reckless recommendations on interest rates.

Can the Fed president be fired?

Article 10 of the Federal Reserve Act states that members of its Board of Governors, including the chairman, may only be removed "for cause" by the US President.
$BNB


$BANANAS31