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1. yukiame (yukiame@noauthority.social)'s status on Friday, 08-Nov-2024 15:56:25 JST yukiame

   The Federal Reserve Chair, currently Jerome Powell, leads the independent central bank. Unlike cabinet members, the Chair can’t just be fired by the President at will.

   Under the Federal Reserve Act, the President can only remove the Chair “for cause”—which means serious misconduct or legal violations, not just policy disagreements.

   While past presidents have tried to influence the Fed, its independence is designed to keep it insulated from political pressure, focusing on the long-term econom

   • HiroProtagonist (hiroprotagonist@noauthority.social)'s status on Friday, 08-Nov-2024 15:56:25 JST HiroProtagonist

     in reply to

     @yukiame Incorrect. The Fed is arranged the way it is so the people can't easily dismantle their scam.

   • Leyonhjelm (leyonhjelm@breastmilk.club)'s status on Friday, 08-Nov-2024 15:56:26 JST Leyonhjelm

     in reply to

     • HiroProtagonist
     @HiroProtagonist
     
     Legally ending it is necessary and should be done with all haste
     
     @yukiame