How much grievance can a president endure to frequently insult a person online?

That person is the employee that even Trump cannot fire - the Chairman of the Federal Reserve, Powell.

This issue has been impacting all risk assets, including Bitcoin.

Why can't even the president dismiss him?

Firstly, the law stipulates that the Federal Reserve is an independent institution; indeed, it is an institution with strong independence. Moreover, the head of the Federal Reserve is elected by the president and Congress together. If you want to change personnel, you must first obtain the company's consent. However, as everyone knows, there is opposition within the company, which will not allow you to act as you wish.

Historically, no president has ever successfully dismissed the head of the Federal Reserve. Previously, Trump tried once, but his legal team told him that if he dared to do so, they would sue him into bankruptcy.

It's like playing cards; although the president has the big trump card of nomination power, the card of dismissal doesn't even appear in the deck.

So the question arises: if Powell were to be dismissed early, do you think it would be a good thing or a bad thing? $BTC $SOL #鲍威尔发言