Jerome Powell: “It is not permitted under the law for the president to fire or demote…”

On the recordMarch 24, 2025

It is not permitted under the law for the president to fire or demote him or any of the other Fed governors with leadership positions.

Said by

Republican · District of Columbia

Source

Powell asserts legal protections against presidential dismissal from the Fed.

More from Jerome Powell

Jul 1, 2025

We're trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.

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I have nothing for you on that today.

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The U.S. economy is in solid shape.

Jul 25, 2025

I haven’t heard that.

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Jerome Powell: “It is not permitted under the law for the president to fire or demote him or any of the other Fed governors with…”