Federal Reserve Act, Sec 10, says that the President can remove members of the board before the expiration of their term For Cause. Do you really think Trump couldn’t find cause to oust Powell? Is he really that squeaky clean? Gross underperformance and insubordination quickly come to mind.
Federal Reserve Act, Sec 10, says that the President can remove members of the board before the expiration of their term For Cause.
Do you really think Trump couldn’t find cause to oust Powell? Is he really that squeaky clean?
Gross underperformance and insubordination quickly come to mind.