With Donald Trump soon to be sworn in as the 47th president, he’s made clear he wants to shake up Washington—including possibly firing Federal Reserve Chair Jerome Powell.
Political scientist Sarah Binder joins Preet to discuss whether a president has the legal authority to fire the Fed chair and how it could impact the economy.
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Executive Producer: Tamara Sepper; Editorial Producer: Noa Azulai; Associate Producer: Claudia Hernández; Deputy Editor: Celine Rohr; Technical Director: David Tatasciore; Audio Producers: Matthew Billy and Nat Weiner.
REFERENCES & SUPPLEMENTAL MATERIALS:
The Myth of Independence: How Congress Governs the Federal Reserve, Sarah Binder and Mark Spindel, 2017
What happens if Trump tries to fire Fed chair Jerome Powell?, Peter Conti-Brown for Brookings, 9/9/2019