this post was submitted on 07 Nov 2024
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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.

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[–] just_another_person 140 points 1 month ago* (last edited 1 month ago) (17 children)

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.

[–] dhork 21 points 1 month ago* (last edited 1 month ago) (13 children)

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.

[–] Stovetop 27 points 1 month ago (8 children)

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.

[–] stoly -5 points 1 month ago (1 children)

For what you suggest to happen they’d have to physically block him from the office and cancel his payroll. Otherwise he just keeps going.

[–] [email protected] 16 points 1 month ago

Sounds to me like you are not very well read on 1930's German history.

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