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Trump maintains he could fire Fed’s Powell ‘if I wanted to’

President Donald Trump insisted Monday that he has the authority to fire Federal Reserve Chairman Jerome Powell, though he added he has no plans to do so.

In an extensive interview with The Hill, Trump was asked if he has the power to remove Powell. “If I wanted to, but I have no plans to do anything,” the president replied.

Ever since reports emerged late last year that Trump wanted to fire Powell over his decision to raise interest rates, experts have agreed that Trump does not have the power to do so. Central-bank officials can be removed only for “cause,” which is understood not to include policy disagreements.

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