Jay Powell says Donald Trump couldn't fire him even if he tried
Jay Powell says Donald Trump couldn't fire him even if he tried
finance.yahoo.com
Jay Powell says Donald Trump couldn't fire him even if he tried
Summary
Federal Reserve Chair Jerome Powell asserts that he cannot be fired by President-elect Donald Trump, citing legal protections under the Federal Reserve Act.
Trump has previously expressed his desire to remove Powell, but legal experts argue that a policy disagreement would not constitute “for cause” removal.
They have the SCOTUS majority and Congress you fuck.
If you're really trying to be bold, do something worthwhile to stop him instead of posturing about your miniscule fucking job.
He is correct, though, that as the law currently stands, Trump can't just get rid of him on his own authority. And changing the law does take time, theres a process to go through. It's not like they can just pass a bill that says "Trump can do whatever he damn well pleases". It has to be worded properly to pass legal muster. There are specific committees that deal with that stuff, and the legislators in charge of that want to keep ownership of it. And he would need to get the entire Republican Caucus to agree, since it will get no Democratic support at all. A handful of Republicans might have their own reasons to not make the changes Trump demands.
Trump can try without going through all that trouble, but the Powell gets to tell him to go pound sand, and the courts got the final say. Even if the courts are in the tank for Trump, it will still take time to resolve
If Trump wants him gone, he could probably manage it eventually, with enough effort. But will the administration be disciplined enough to see it through? They might decide other things are more important, like putting brown people in camps.
Since when have laws stopped, or for that matter slowed the trump administration
The Supreme Court has actually set the precedent that the president is allowed to do whatever they want with complete immunity. From a legal standpoint, Trump can absolutely just get rid of him, one way or another, with no repercussions.
I'm not saying he is factually fucking wrong. I'm saying his posturing is useless.
I'd argue he is. Politics and law aren't deterministic, the rules are flexible and determined by how people interpret them. If it was actually a non issue he wouldn't bother saying anything. He's posturing and trying to make a case so that the admin is less likely to start that fight. Everyone has limited time and resources so making it seem like fucking with the Fed would take a lot of both lowers the odds they try.
So you're saying this one guy is being useful for somehow saying his job is safe?
This is the worst take...