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Author Topic: Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump  (Read 294 times)

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Offline libertybele

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Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
« on: November 08, 2024, 08:42:03 am »
Ok .... then fire him! 

Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump

 In a media briefing Thursday after announcing a reduction in interest rates, the chairman of the Federal Reserve said he would not resign if asked by President-elect Donald Trump.

Chairman Jerome Powell was asked by a reporter about the possibility of Trump asking him to resign after the stunning results of the election Tuesday.

"No," Powell replied simply.

"Do you think that legally you're not required to leave?" asked the reporter.

"No," he responded.

When asked whether he believed the president had the power to force him to resign, he responded, "Not permitted under law."

Powell was appointed to Fed chair in 2018 by Trump but was criticized by the president for what he saw as poor job performance. In 2019, Powell was similarly asked if he would step down from the position if Trump asked him to resign, and he had the same answer at that time. ...............

https://www.conservativereview.com/federal-reserve-chairman-jerome-powell-says-he-will-not-resign-if-asked-by-trump-2669633083.html
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Offline Bigun

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Re: Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
« Reply #1 on: November 08, 2024, 03:27:13 pm »
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Offline Hoodat

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Re: Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
« Reply #2 on: November 08, 2024, 03:32:30 pm »
Even if he can't be fired, he can be made irrelevant.  There is nothing dictating that government must cooperate with the Fed.  Balance the budget, and the power of the Fed goes away.  Powell will no longer have any role.
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Re: Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
« Reply #3 on: November 08, 2024, 03:33:42 pm »
Quote from: Hoodat on November 08, 2024, 03:32:30 pm
Even if he can't be fired, he can be made irrelevant.  There is nothing dictating that government must cooperate with the Fed.  Balance the budget, and the power of the Fed goes away.  Powell will no longer have any role.
:amen:
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