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трейлер фильма хороший мальчик 2016 смотреть онлайн, Can Donald Trump legally fire Jerome Powell?, Can Trump Fire Powell? He Likely Lacks a Case, Legal Experts Say., Behind Trump's move to back off Powell: Lawyers warned , Can Trump Fire Powell Over the Fed’s Building - MSN, Trump vs Powell: Can the US president really fire a Fed chief?, Can Trump Fire Fed Chair Jerome Powell? What The US - News18, Can Trump fire Jerome Powell over Fed renovations? Here’s .
He mocked Powell by saying conversations with him were like “talking to a chair.” When asked directly whether the renovation alone constituted grounds for removal, the president responded, “I think it sort of is.”Can a president remove the Fed chair?The Federal Reserve Act permits the president to remove a member of the Fed’s Board of Governors “for cause,” a phrase interpreted by courts to mean instances of inefficiency, misconduct or dereliction of duty.However, the legal standing around the removal of the chair specifically remains less clear. Jerome Powell, while serving as chair, is also a member of the Board of Governors and of the Federal Open Market Committee (FOMC), the Fed’s principal policy-making body.STORY CONTINUES BELOW THIS ADUS Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, DC. File Image/AFPThe US Supreme Court recently signalled in a May decision that the Federal Reserve’s unique quasi-private structure might shield it from presidential interference.The court’s ruling indicated that while the president may have broader authority to remove heads of other independent federal agencies, the Fed’s structure offers it distinct legal protection, especially when no explicit misconduct or legal violation has been proven.How has Trump been pressuring Powell?In recent weeks, administration officials have mounted a campaign against Powell, focusing sharply on the escalating cost of the Fed’s headquarters renovation project.The plan, originally estimated at $1.9 billion in 2023, has ballooned to $2.5 billion.The Fed attributes the increase to updated design requirements, consultations with oversight bodies, and the discovery of unforeseen conditions such as higher-than-expected levels of asbestos.Powell, appearing before Congress on June 25, defended the renovations and disputed suggestions that the project included extravagant features.However, some of Trump’s allies saw an opening.Bill Pulte, the head of the Federal Housing Finance Agency, labeled Powell’s testimony “deceptive,” though he provided no substantiated evidence. A Fed spokesperson said Powell’s congressional statements were accurate and consistent with internal assessments.STORY CONTINUES BELOW THIS ADRussell Vought, the director of the Office of Management and Budget, took the criticism further. In a public letter shared on social media, Vought accused Powell of mismanagement and described the renovation as an “ostentatious overhaul.”He also pointed to the Fed’s recent operating losses to support his criticism. Former Fed Governor Kevin Warsh, who has been floated as a possible replacement for Powell, told Fox News that a “regime change at the Fed” was necessary.Soon after these developments, Trump replaced three members of the National Capital Planning Commission, which has oversight authority over federal projects in Washington, reported CNN.The new appointees — White House staff secretary Will Scharf, deputy chief of staff James Blair, and OMB analyst Stuart Levenbach — are seen as loyalists, raising concerns about politicisation of oversight mechanisms related to the Fed’s operations.How will Powell’s potential removal impact the market?Even the suggestion that Powell could be dismissed has reverberated through financial markets. On the morning of July 16, the US Dollar Index fell by as much as 0.8 per cent, reflecting investor anxiety.Although the losses narrowed later in the day following Trump’s clarification, the potential for market instability remains significant.STORY CONTINUES BELOW THIS ADRepublican lawmakers have not remained silent. Louisiana Senator John Kennedy issued a stark warning: “If you fire the chairman of the Federal Reserve, you will see the stock market crash, and you will see the bond market crash.”He added that unilateral interest rate cuts could trigger panic in the bond market and sharply increase the cost of government borrowing.US Senator Thom Tillis of North Carolina voiced similar concerns, stating that dismissing Powell would be a “colossal mistake” and would undermine global confidence in the Fed’s independence.“So anybody out there in voter land who thinks that firing Jay Powell will change the policy outcomes for [the Fed’s] dual mandate — I don’t think it will,” he said.Tillis stated that such a move would likely produce “second and third order effects that none of us who track markets want to see.”What does historic precedent tell us?This is not the first time Trump has clashed with Powell. Throughout his presidency, both during his first and current terms, Trump has sharply criticised the Fed for not aligning its interest rate policy with his economic agenda.In 2018, when Powell approved a series of rate hikes, Trump openly floated the idea of firing him. Though he ultimately refrained, the incident marked the beginning of a tumultuous relationship.STORY CONTINUES BELOW THIS ADTrump has previously said he would not reappoint Powell when his current term ends in May 2026, but until recently, he indicated he would let him serve it out. Powell, for his part, has made it clear that he would not resign if asked to.Historically, US presidents have often tried to exert influence over the Fed, albeit through informal channels. In 1965,, Can President Donald Trump legally fire Jerome Powell, chair of the Federal Reserve of the United States? Raised in the aftermath of the 2024 presidential election, the issue now faces a reality check. The president reportedly drafted a letter effectively firing Powell that he shared with House Republicans during a meeting this week., The Trump administration is toying with removing Jerome H. Powell as chair of the Federal Reserve, accusing him of mismanaging a multibillion-dollar update to its Washington headquarters..
Several outside lawyers recently warned President Donald Trump that a new strategy to remove Federal Reserve Chair Jerome Powell over the central bank’s $2.5 billion headquarters renovation , The Trump administration has launched an attack on Federal Reserve Chair Jerome Powell over the Fed’s $2.5 billion headquarters renovation, suggesting changes to the project may give the , Donald Trump has publicly questioned Federal Reserve Chair Jerome Powell’s leadership and floated the idea of firing him, citing a $2.5 billion Fed headquarters renovation. Legal scholars note that the Federal Reserve Act permits removal of governors 'for cause', but not necessarily the chair separately., Donald Trump has revived a feud with Jerome Powell, Chair of the US Federal Reserve, over a multibillion-dollar renovation. Can Trump legally fire Powell?, President Trump has escalated his attacks on Fed Chair Jerome Powell, citing alleged mismanagement of a $2.5 billion renovation, but experts warn firing him would face serious legal hurdles., .