Historically, there has never been a precedent for a Federal Reserve Chairman being fired by the President.

Many friends have asked whether Trump has the authority to fire Powell. In fact, he does, but the conditions are very strict. According to the Federal Reserve Act, the Federal Reserve Chairman can only be dismissed "for cause," such as incompetence, failure to perform duties, or serious misconduct.

Currently, Trump is trying to use the $2.5 billion cost overruns on the Federal Reserve headquarters renovation project, as well as whether Powell's testimony in Congress was misleading, as "for cause" reasons. However, legal experts point out that budget overruns may not necessarily constitute "incompetence or serious misconduct," and such grounds for dismissal remain a legal gray area, lacking precedent support.

The Supreme Court has also indicated that the President does not have the authority to fire Powell solely due to policy disagreements. Although Trump is considering using the renovation budget controversy to build a "for cause" basis and has initiated internal discussions, this approach has not been legally validated.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。