The US economic portal Yahoo Finance reported on the 20th (local time) that Chairman Powell could be dismissed if the US Supreme Court rejects the ruling.
He asked the Supreme Court to confirm his decision to fire Powell as chairman of the Labor Relations Board and the Merit System Protection Board. If the Supreme Court allows this, Trump could fire Powell as well.
In a True Social post last week, Trump made clear his intention to fire Powell, saying, "Powell's firing may come soon."
In particular, the Wall Street Journal, the top U.S. economic newspaper, reported that Trump had been discussing firing Powell for several months and that after Powell
The White House also announced that it had nominated former Fed governor Kevin Wash to take on the role and had completed interviews with him.
On the 8th, Trump acknowledged that his team was indeed considering whether to fire Chairman Powell. Chairman Powell has repeatedly stressed that it would be illegal for him to be fired.
The law guarantees the Fed's independence. Constitutional law experts say it's difficult to say whether Trump can get his way because of a complex web of legal, political and financial factors.
On the other hand, the core of President Trump's argument that he has the power to remove members of the board of directors of an independent organization is Article II of the U.S. Constitution, which provides the president with the power to faithfully obey the laws.
It gives the government authority to oversee that such measures are carried out.
2025/04/21 12:44 KST
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