What Happens If Trump Gets Powell to Quit?
An underpriced risk with systemic consequences
What If Powell Is Removed?
An underpriced risk with systemic consequences
Backdrop: Political Pressure at the Federal Reserve
A senior official in the Trump administration recently sent a formal inquiry to Federal Reserve Chair Jerome Powell. The issue: possible misrepresentation to Congress over the cost of Fed headquarters renovations. While technical in framing, the letter opens a potential legal channel for Powell’s removal “for cause.”