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Fed Chief Not Leaving: Tells Congress Fed Will Do What It Takes

Can the President fire the Federal Reserve Board chairman? No, it wasn’t President Donald Trump asking (demanding) again this time round.

Instead, Congressional representatives were asking Fed chairman Jerome Powell himself what he thought about the president’s oft-repeated desire to sack him.

Unsurprisingly, the current chair doesn’t think that’s legal, and neither does the legislature. The law appears to be on Powell’s side, but the president’s drum beating on the issue seem...

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