Jerome Powell Says Trump Can’t Fire Him. That Might Change
Trump has a long record of criticizing Jerome Powell, but recent firings at the FTC are raising concern that the Fed’s independence may be in jeopardy.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Chair Jerome Powell has been crystal clear about whether President Donald Trump can fire him. “Not permitted under the law,” he said — twice — when asked in November.
Powell, who’s had the job since 2018, may soon find out if he was right.