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Fortune
Fortune
Paolo Confino

Fed chair Jerome Powell brushes off possibility Trump could fire Fed officials: 'Well, it's pretty clearly not allowed under the law'

Federal Reserve chair Jerome Powell (Credit: Chip Somodevilla/Getty Images)
  • Federal Reserve chair Jerome Powell was once again clear he did not believe the president has the ability to interfere in the central bank. Over the years, Trump has regularly expressed frustration with Powell over his monetary policy. 

Federal Reserve Chair Jerome Powell reiterated that he doesn’t believe the president of the United States has the authority to fire members of the Federal Reserve Board. 

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