4 ms·
This article says that the President cannot fire Fed Governor at will or because of policy disagreement. https://www.marketwatch.com/story/why-trump-cant-fire-
by nopinsight 8y ago
This article says that the President cannot fire Fed Governor at will or because of policy disagreement.
https://www.marketwatch.com/story/why-trump-cant-fire-powell-for-disagreement-over-monetary-policy-2018-10-11 https://www.marketwatch.com/story/why-trump-cant-fire-powell...
"The law goes back to the 1940s when President Franklin Roosevelt removed a member of the Federal Trade Commission and cited as a reason their divergent views of public policy. The Supreme Court unanimously reversed the firing, saying executives of independent agencies cannot be removed in their term of office except for cause. These agencies “must be free from executive control,” the court ruled."
I would be interested to learn more so it would be great if someone has more info to share.
- apo 8y agoWe used to think that Presidents can't unilaterally enact new trade policy. That also turned out to be wrong. What's more, the active term is "for cause," which is an exceedingly low bar.
- 01100011 8y agoSo if the president stacked the supreme court, he might have a chance at overturning that precedent?