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Can Trump Fire Powell? He Likely Lacks a Case, Legal Experts Say.
The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters.
An attempt by Trump to fire Powell would face major legal challenge
Trump and the Trump administration have increasingly turned their fire on Powell and his leadership of the central bank.
Bessent Told Trump Not to Fire Powell, Report Says. Why His Reasons Could Boost Markets.
The President has repeatedly criticized Powell for not cutting interest rates, and he escalated his attacks on the Fed chair last week.
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Trump’s Threat to Fire Powell Risks Undermining Fed Independence, Destabilizing Markets
President Donald Trump’s renewed threats to remove Federal Reserve Chair Jerome Powell are intensifying legal and economic uncertainty, according to CNBC. Legal experts say Trump lacks clear authority to remove the Fed chair without cause,
3 ways Trump trying to fire Powell could backfire
If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets.
Can Trump Fire Powell Over the Fed’s Building Renovations? No, Legal Expert Says.
The Fed is self-funding and doesn’t need outside approval for building projects, according to the law that created the central bank.
Why it's so challenging for Trump to fire Powell
A firing of Jerome Powell by President Trump would likely open up a legal war never before seen in the US, without any guarantee of a courtroom victory for the White House.
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