Most Social: Mulvaney: Trump 'now realizes' he can't fire Federal Reserve Chairman Jerome Powell

Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only "for cause." It's unclear if Trump could remove Powell as chairman while he remains a governor. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Most Social ALL THE BUZZIEST NEWS   Monday, December 24 Trump 'now realizes' he can't fire Fed's Powell Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only "for cause." It's unclear if Trump could remove Powell as chairman while he remains a governor. Announcer rips player for wearing retired number Video shows the haunting moment tsunami sweeps away... Corker criticizes shutdown, Trump fires back Trump: 'I'm all alone' waiting for Dems to deal STORY FROM TRACFONE Expert tips for saving on your next trip MORE FROM USA TODAY Does market meltdown signal recession in 2019? 5 things you need to know Monday 49ers' Sherman ejected after brawl with Bears Chris Rock, Louis C.K. slammed for racial slur Winners, losers: Things break Pats' way in Week 16 Start your day with the 5 Things podcast: Five news stories. Less than five minutes. Free to subscribe.   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Feedback • Privacy Policy/Your California Privacy Rights • Ad Choices • Terms of Service © 2018 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102