The Federal Reserve Act does not give the president the authority to remove the chair at will. The Fed is designed to be independent from political pressure to maintain credibility and stability in monetary policy. Legal scholars widely agree that firing a Fed chair without cause would likely be illegal or at least trigger a constitutional crisis and court challe
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Can the president remove the chair?
The Federal Reserve Act does not give the president the authority to remove the chair at will. The Fed is designed to be independent from political pressure to maintain credibility and stability in monetary policy. Legal scholars widely agree that firing a Fed chair without cause would likely be illegal or at least trigger a constitutional crisis and court challe