Economy

Fed chairman says Trump can’t fire him

By Zach Halaschak
Published March 11, 2019 1:19am ET
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Fed chairman says Trump can’t fire him
Federal Reserve Chairman Jerome Powell said he doesn’t believe President Trump has the legal authority to fire him. “The law is clear that I have a four-year term, and I fully intend to serve it,” Powell said during an interview on CBS’s “60 Minutes” that aired Sunday. When pressed for a yes or no, Powell […]

Federal Reserve Chairman Jerome Powell said he doesn’t believe President Trump has the legal authority to fire him.

“The law is clear that I have a four-year term, and I fully intend to serve it,” Powell said during an interview on CBS’s “60 Minutes” that aired Sunday. When pressed for a yes or no, Powell said “no” he did not think Trump could fire him.

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Donald Trump Federal Reserve Interest Rates Jerome Powell