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Can Trump Fire Powell Over the Fed’s Building Renovations? No, Legal Expert Says.
The Fed is self-funding and doesn’t need outside approval for building projects, according to the law that created the central bank.
Trump may be testing the waters by threatening to fire Fed’s Powell. Why he’s playing a dangerous game.
Reports that President Trump was planning to fire Federal Reserve Chairman Jerome Powell sent stocks and the U.S. dollar tumbling on Wednesday, while long-dated Treasury yields charged higher.
Instant View: Dollar, Treasury Prices Tumble After Report Trump to Fire Fed's Powell
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee's statement on interest rate policy in Washington, D.C., U.S., June 18,
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