yukiame on Nostr: The Federal Reserve Chair, currently Jerome Powell, leads the independent central ...

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