Summary
Federal Reserve Chair Jerome Powell asserts that he cannot be fired by President-elect Donald Trump, citing legal protections under the Federal Reserve Act.
Trump has previously expressed his desire to remove Powell, but legal experts argue that a policy disagreement would not constitute “for cause” removal.
Since when have laws stopped, or for that matter slowed the trump administration
Law is a human construct, it is essentially a consensus structure. You can hold up a piece of paper that says “I can do what I want” and maybe it’s even legitimate, but you still need to convince other people of that and our legal structure/precedent puts more emphasis on process than being efficient or fast.
In effect, the law has stopped trump from doing just about everything he wants to sans a few items. Every time he tries to do something he has to fight a bunch of people and that takes up some of his finite time and resources.
Just because he has friends in all the high places doesn’t mean everyone else will just jump into line and do exactly what he wants, the more people obstruct the less damage he can do.
“But it’s against the law!” he exclaimed as the firing squad raised their rifles…