Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell
31d ago
Business
CNBC

The possibility of former President Trump attempting to remove Federal Reserve Chair Jerome Powell raises complex legal, economic, and market challenges. Analysts highlight the absence of straightforward solutions to the potential fallout, encompassing areas from monetary policy stability to market confidence. Such an action could trigger significant uncertainty and instability within the financial system, prompting legal battles and potentially impacting the Fed's perceived independence. The situation underscores the delicate balance between political influence and the autonomy of the central bank.