The Fed Chairman’s Theatrical Martyrdom
Jerome Powell has decided he is under assault from the Trump administration and has issued a declaration of war.
At least on a formal level, this is the constitutional and statutory role of the Senate. Unlike other statutes, the Federal Reserve Act doesn’t define with any particularity what constitutes cause for removal of a Fed governor, and it provides no protection at all for the chairman from removal . The constraint on removal is really the need to satisfy the Senate that a removal was proper in order to have new nominees confirmed.
Note, however, that the Senate’s ability to keep the Fed…
Read the full article at BREITBART.COM
