The White House Said President Trump Is Reviewing Whether He Has The Authority To Fire Fed Chairman Jerome Powell.



Unless There Is Proven Misconduct, Corruption, Or Incompetence, The President Cannot Unilaterally Dismiss The Chairman. There Is No Provision To Remove The Chairman Simply Due To Ideological Differences.
The Fed Is An Independent Financial Institution. If Political Influence Is Exerted On It, The Market Could Become Unstable, And Investor Confidence May Be Damaged. Therefore, Attempting To Remove Powell Could Have A Negative Impact On The Market And The Economy.
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