Dow Jones, a News Corp company
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services
Law says central bank governors can be removed ‘for cause,’ but is vague on whether that applies to policy disputes
President Trump called the Federal Reserve’s recent interest-rate increases “a mistake,” suggesting that the central bank was to blame after Wednesday's stock-market plunge. Photo: AP Images
President Trump stepped up his attacks on the Federal Reserve this week, but said he wouldn’t fire central bank Chairman Jerome Powell, leaving some observers wondering whether that is even an option. Here are some questions and answers:
Can the president fire the Fed chairman?
The law is somewhat vague on this question. The Federal Reserve...