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Can Trump fire US Fed chief Powell?
short by Pragya Swastik / on Saturday, 19 April, 2025
Trump is studying whether he could fire Federal Reserve Chairman Jerome Powell, whom he accused of "playing politics" by not cutting interest rates. Federal Reserve Act allows dismissing Board members, including Chair, "for cause", historically interpreted as misconduct or incapacity, not disagreements. But a pending Supreme Court case could redefine presidential power over independent agencies.