@cbsnews: Speaker Mike Johnson said he's "really not sure" if President Trump can fire Federal Reserve Chair Jerome Powell, when asked by CBS News' Caitlin Huey-Burns on Wednesday. On Tuesday, the president asked a group of Republicans if he should fire Powell and several people in the room voiced approval. Multiple sources have said Trump indicated he will do it. "I talked to them about the concept of firing him. I said, 'What do you think?' Almost all of them said I should. But I'm more conservative than they are," Trump told reporters on Wednesday. The idea of a president removing a Fed chair is legally untested — federal law says the chair can only be fired "for cause." #news #Trump #Fed #politics #Washington #government

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Wednesday 16 July 2025 21:30:50 GMT
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lonewolfjoshtv
LoneWolfJoshTV :
Translation: "I'm waiting for Trump to tell me what to say."
2025-07-16 21:44:16
1760
michael_username
G306141 :
Who’s the reporter 😭
2025-07-17 07:28:04
0
julien.coquet
Julien Coquet 🇫🇷🇪🇺🇺🇦 :
spoiler: he can't
2025-07-16 21:47:31
751
thecruddyturtle
Cruddyturtle :
To be fair, I respect that he doesn’t just say yes. With everyone saying what they need to, to kerri favor with Trump. Rare MJ W.
2025-07-16 22:22:36
0
user10101010101010031
user10101010101010031 :
Just fyi, this guy was a constitutional lawyer for yrs
2025-07-16 23:43:12
0
latrell970
La’Trell :
The Federal Reserve Act says the president can remove the chair "with cause" the debate will be what qualifies as "cause". Very broad and subjective language. Speaker isn't wrong here....
2025-07-17 04:32:46
0
user7215790822
Mike :
Can Trump try to fire Jerome Powell? Yes but the Supreme Court is not going to allow it because there’s no misconduct from Jerome Powell. There’s a difference between difference of policy, opinions and neglect of the economy
2025-07-17 17:00:11
0
fkyourfeelingss
SpooferKing :
no he cannot.
2025-07-17 03:54:10
0
seanlafferty49
Sean L :
No he can not
2025-07-16 22:30:09
9
allaboutbella10
my Bella 💜 :
He’s looking a little defeated there
2025-07-16 23:23:02
54
charlesrenfrew3
Charlesren :
No
2025-07-17 03:30:40
0
wesleyboopington
Wesley Boopington :
nope 😂😂😂😂😂
2025-07-17 02:34:46
0
michellel6307
michellel6307 :
firing him would collapse the treasury market, and they would have to raise those rates 1-2% this would directly correlate to mortgages as well. also the stock markets will not react well to that. they both hate uncertainty.
2025-07-17 20:36:53
0
smilezofpain
smilezofpain :
Yes
2025-07-17 14:50:25
0
kga12983
keishaanderson87 :
Mike Johnson 🙄
2025-07-17 04:51:35
0
wilsonrichardson_
Willy :
Spoiler warning: he can’t. And Mike Johnson went to law school and he’s “not really sure”
2025-07-17 00:08:49
4
uuuuhhh753
uuuuhhh :
Trump literally appointed Powell 😂 😂 his dementia progression is actually insane to see in real time
2025-07-16 22:07:55
207
grumpyoldguy1968
GrumpyOldGuy1968 :
Trump hired him!!🤣🤣🤣🤣
2025-07-16 22:05:51
31
brent.h34
Brent :
Bigger issue regarding Powell people don’t grasp is the Fed reserve is self funded by interest on securities. Have been running at a deficit since fiscal year 2020. If they were to reduce the interest rates that would also reduce their cash flow. How is that not a conflict….
2025-07-16 22:29:02
4
hegone10169
Double D :
He doesn’t need too.
2025-07-17 02:33:31
0
kryptoboy81
Kelel81 :
NO 👍🏻
2025-07-17 03:15:55
0
dabacadabra007
Cheesus H Kreist :
nope
2025-07-17 04:03:30
0
dddtrip
user7867453541569 :
Cuz... the answer is no.
2025-07-17 16:47:43
0
con_amor_e
Erica :
This is exhausting.
2025-07-16 21:37:06
183
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