Could Trump Legally Fire the Fed Chief?

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Mexico City.- Donald Trump has repeatedly raised the possibility of dismissing Federal Reserve President Jerome Powell and, prior to a visit to the headquarters of the U.S. central bank on Thursday, he called him "insense" for not cutting interest rates. But if Trump dismisses Powell he will enter an unexplored legal territory by testing the Fed's historic independence. Can members of the Fed be dismissed? The Federal Reserve Act of 1913, which …

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President Donald Trump has repeatedly raised the possibility of dismissing Federal Reserve President Jerome Powell and, prior to a visit to the headquarters of the U.S. central bank on Thursday, he called him "insense" for not cutting interest rates. Trump’s firing Powell will go into unexplored legal territory by testing the Fed’s historic independence.