Does the president have legal authority to fire the Fed chair?
12-25-18, President Trump's recent criticism of Jay Powell, chairman of the Federal Reserve, has prompted questions about whether the president might try to fire him. Binyamin Appelbaum said,"The law doesn't say anything about it, and opinion is divided. There are some who think the president has considerable latitude to do that [fire the fed chairman], basically, for any reason that he would like. There are others who think there's an amount of protection, that the president would need to find some cause beyond a policy disagreement even to remove Mr. Powell as chairman."
Pres Trump lashes out at the Fed Raising Interest Rates Too Fast!
12-24-18, The last rate hike in June 2018 took rates from 1.75 percent to 2 percent, and the members of the committee have generally demonstrated support for two more rate hikes before the end of the year. "The only problem our economy has is the Fed," Trump tweeted Monday, 12-24-18. Last week, the Federal Reserve announced it will raise interest rates to a range of 2.25 percent to 2.5 percent.
Salvation? Luke 13:3; Titus 2:13, Revelation 19:11
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