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Reagan stacked the Fed with loyalists and forced Volcker to resign.
by Kon-Peki 4y ago
Reagan stacked the Fed with loyalists and forced Volcker to resign.
- refurb 4y agoHow does the President “force” someone to resign when they are in charge of selecting the person for that role?
- kaesar14 4y agoThe Fed Chair cannot be removed by the President once installed. He was pressured by other means.
- refurb 4y agoThey have to be renominated every 4 year term. He served out his 2nd term and was not renominated. Not arguing that it wasn’t political, it clearly is even based on the Biden nomination.